Quantum Commodity Intelligence – The Brent/Dubai cash spread soared to a fresh five-month high on Wednesday as European refiners scramble to secure replacement casks ahead of looming sanctions, while sluggish demand in Asia and rising competition from Russian casks fueled markets east charged by Suez.
Quantum valued the Brent/Dubai cash spread for January at $5.95/b as the Singapore close 1630 on November 16th, the widest spread since late May when the then July 22nd…
