Sweet-sour crude imbalance: How will it play itself out?
The current sweet-sour crude oil imbalance is creating challenges for producers and refineries alike. 8The light sweet-medium sour crude spread, represented by the Brent-Dubai price differential, has collapsed and at certain instances was trading at negative values. 8The crude imbalance is also complicating planning and risk management decisions, especially at times when the International Maritime Organization (IMO) will enforce a new 0.5% global sulphur cap on bunker fuels from the 1st of January 2020. 8The current sweet-sour imbalance presents a challenge for OPEC and may complicate its efforts (particularly Saudi Arabia’s efforts) to balance the market. Find out more click on Report.