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Oil

Brent-Dubai narrows sharply ahead of fresh OPEC oil output cuts, sour crude shortage

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Listen: Brent-Dubai narrows sharply ahead of fresh OPEC oil output cuts, sour crude shortage

Sour crude oil differentials have risen sharply relative to sweet crude grades in the Atlantic Basin as OPEC moves to cut back on production, sending the differential between the Brent and Dubai markets to its narrowest levels since 2017. In this edition of the podcast, S&P Global Platts associate editorial director Robert Beaman and crude managing editor Paula VanLaningham look at the move in the Brent-Dubai derivatives market and discuss how this move is likely to impact the European market in the coming weeks.