European buyers look to WTI Midland despite backwardated structure | Hellenic Shipping News Worldwide
European end-users are looking toward WTI Midland to fill their light sweet crude requirements despite the backwardated market structure amid limited North Sea crude availability, traders said. “Europe has been paying strong numbers to pull the barrels over,” one trader said, adding that bids for prompt barrels have been above $4/b premiums to March Dated ...
Source: hellenicshippingnews.com