Oil Matters Episode 60: Segregated Barrels
Crude futures and dirty freight rise as markets fragment and OECD stocks stay tight, with OPEC+ watching for offshore barrels moving into storage.
David Fyfe, Argus Chief Economist, reviews the factors driving both crude futures and dirty freight rates higher. He highlights an increasingly segregated market that has so far failed to see major builds in OECD commercial storage. OPEC+ Ministers will be watching closely to see just if and when an armada of oil at sea begins to seep into storage tanks in key pricing centres.
Segregated Barrels
David Fyfe, Argus Chief Economist, reviews the factors driving both crude futures and dirty freight rates higher.
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