WTI Midland stays competitive as Atlantic freight surges
Freight has surged across the Atlantic Basin, with TD25 now close to WS1000. Even so, WTI Midland still screens competitively into Europe. A wider Brent-WTI spread is helping offset the freight hit, while tight European light sweet supply continues to support demand for US barrels. The bigger question is how long that can hold if freight stays this elevated and more Atlantic Basin supply starts competing for the same refinery demand.
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🇬🇧4 officers showed up at a West Midlands teen’s home after he posted jokes about Conservative councillor Simon Bennett, including an altered photo with bunny ears and a quip comparing the politician’s outfit to a “rent boy.”
Police investigated the posts as potential harassment and a hate crime, seized young activist Fraser's devices, and took his DNA and fingerprints.
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