Oil refinery and pipeline


By Paul Wightman

At a glance

  • Beginning in June, US grade WTI Midland will be one of the deliverable crudes used as one of the streams in the Dated Brent pricing mechanism
  • Russian crude oil exports to the EU fell to 1.4 million barrels a day in November 2022, while US crude oil exports to the region surged to more than 1.5 million barrels a day

The volume of US crude oil exported to Europe has risen sharply in recent months and is expected to remain high as the region…

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