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Refined Products, Maritime & Shipping, Crude Oil, Jet Fuel, Diesel-Gasoil, Gasoline
April 16, 2026
Featuring Emma Kettley, Ernest Puey, and George Delaney
HIGHLIGHTS
Dated Brent hit record $144.42/b on April 7
War drives Atlantic crude differentials up
Physical markets reach unprecedented levels
Dated Brent's record high assessment by Platts of $144.42/barrel stole the headlines on April 7, but physical market fundamentals in the Atlantic basin have similarly brought cash differentials for individual crude oil grades across the North Sea, West Africa and the Mediterranean upwards to levels that, in some cases, have never been seen before.
In this episode, Associate Director Emma Kettley is joined by frontline reporters Ernest Puey and George Delaney to explore the impact the war in the Middle East is having on physical crude oil markets in Europe and Africa.
Related links:
WAF crude differentials hold near records as Hormuz fears curb trade (Subscriber content)
Dated Brent - PCAAS00
Forties FOB North Sea vs North Sea Dtd Strip - AAGWZ00
Dalia FOB Angola vs 30-60 Day Dated Strip - AAQYY00
CPC Blend CIF vs CPC Dated Brent Strip - AAHPL00
Also on: Spotify | Apple Podcasts