Mary Hogan, Alan Tomczak
Editors 
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February 13, 2018 05:40 UTC 
(0)
The Platts Dubai-LOOP Sour spread has widened to a little more than $3/b so far in February, suggesting an improved and opened arbitrage for US Gulf Coast medium sours grades to head to Asia. The 10-day moving average spread between second-month Platts Dubai and front-month Platts LOOP Sour was $3.17/b Monday, with LOOP Sour the lower-valued of the two crudes. That compares with a January average spread of about $2.06/b and a Q4 2017 spread of $1.57/b. |
Mary Hogan
Associate editor, Americas crude
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December 12, 2017 05:30 UTC
(0)
Crude imports into the Louisiana Offshore Oil Port increased by 4.628 million barrels in November, as refinery maintenance season came to a close and amid a relatively stable Dubai/WTI spread. The move higher also comes as traders seek to draw down inventories to lower year-end tax bills. |
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Mary Hogan
Associate editor, Americas crude
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November 14, 2017 05:01 UTC
(1)
Imports of Iraqi crude oil to the Louisiana Offshore Oil Port declined from September to October as US Gulf Coast refiners experienced fall turnaround season and as the Dubai/WTI spread remained historically wide. |
Ashok Dutta
Senior Editor, Oil News, North America
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July 17, 2017 04:01 UTC
(1)
Favorable price differentials are leading to growing US crude exports from the Gulf Coast, which in turn is helping to fuel an infrastructure buildout that will encourage even more exports and new entrants into the US market. Crude oil exports have increased recently amid widening discounts for both WTI Midland and WTS (West Texas Sour) Midland. |
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