Tag

Crude spread

Total 14 items
ResearchMarket2026-10-28

Both crude benchmarks climb while a stronger yuan cushions landed cost; short-haul light-sweet grades reprice on the margin

Brent settled at USD 111.56/bbl and WTI at 102.20, both back at multi-session highs. The yuan's move to 6.6661 against the dollar trimmed the landed duty-paid cost to a roughly 2.5% gain, leaving the import window open. Short-haul light-sweet grades — ESPO, Dubai, Oman — regained their edge over long-haul US Gulf cargoes on combined freight and discount terms.

ResearchMarket2026-10-20

Both crudes tick up as Brent–WTI spread widens to $11.10; stronger yuan trims landed cost

Brent settled at $109.801 and WTI at $98.706, with both benchmarks gaining less than $0.30 on the day, yet the spread reopened to $11.10 after sitting near $8. The yuan firmed to 6.679 against the dollar, so the landed duty-paid cost — Brent times FX times 7.33 times grade — actually eased, reshuffling the feed economics of short-haul light-sweet grades like ESPO, Dubai and Oman.