Dramatic Shift In Brent-Dubai Spread Could Alter Global Oil Flows

August 8, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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The premium for Brent Crude prices to Dubai crude has evaporated in recent weeks and has swung to a discount as Middle East oil availability has shrunk with OPEC+ and Saudi production cuts. This dramatic shift in the usual trading pattern could change global oil flows and prompt Brent-linked barrels to sell more easily on the Asian markets. The spread between swaps for London’s Brent and Middle East’s Dubai crude has now turned into a discount of $1.60 a barrel on Monday, per data from brokerage PMV cited by Bloomberg.…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Dramatic Shift In Brent-Dubai Spread Could Alter Global Oil Flows

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