Transportation constraints and export costs widen the Brent-WTI crude oil price spread

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14 Nov

Transportation constraints and export costs widen the Brent-WTI crude oil price spread">Transportation constraints and export costs widen the Brent-WTI crude oil price spread

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(Wed, 15 Nov 2017) In its November <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b during the second half of 2018.

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