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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