Dan Eberhart thinks WTI, not Brent, should be the global benchmark for oil prices. Eberhart, CEO of Canary, a Denver-based drilling-services company, thinks the rationale which turned Brent into the world-leading oil benchmark is now outdated.
He speaks with senior oil editors Meghan Gordon and Brian Scheid about the evolving market and how US crude oil production, investment interest and exports make the case for WTI to get more attention. James Bambino, managing editor of Platts Oilgram Price Report, stops by to talk about the history of the Brent-WTI spread and whether it matters what the top benchmark is.
See excerpts of the conversation with Eberhart in this story.
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