Tag Archives: West Texas Intermediate

Why High Oil Prices Are Now Affecting Europe More Than the US

The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading

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Pipeline changes to fix WTI/Brent spread are likely to add new problems

For many years, Brent oil (a European grade) and West Texas Intermediate (WTI) oil, a US grade, sold at close to the same price. Starting in January 2011, WTI price dropped below Brent, at times by more than 20%. When … Continue reading

Posted in Energy policy, News Related Post | Tagged , , , | 14 Comments

Why are WTI and Brent Prices so Different?

We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest is oversupplied because of all of the Canadian imports, and … Continue reading

Posted in News Related Post | Tagged , , , | 25 Comments