<DrumBeat: March 29, 2007 The Oil Drum GAO Peak Oil Report Thread>

120 comments on Financial Intelligence: How Arbitrage Forensics Provide Insight into Saudi Knowledge

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Flakmeister on March 29, 2007 - 10:26am Permalink | Subthread | Parent | Comments top

lately WTI has trailed Brent by a pretty wide margin, as much as almost $4 for a brief time. This is VERY significant.

Yes, it is significant, but what does it really mean? My take is that it reflects the premium for tanker delivery as opposed to Cushing delivery. That Asian refiner is not exactly at the end of the NA pipeline system.

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OilcoEx on March 30, 2007 - 5:58pm Permalink | Subthread | Parent | Comments top

it reflects a heavily contangoed market. Nobody really needs prompt wti and storage is full. The fear factor is boosting later delivery and more so in Europe as Iranian crude is actually refined there in a significant amount.

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120 comments on Financial Intelligence: How Arbitrage Forensics Provide Insight into Saudi Knowledge

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