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West African overhang brings down European crude market amidst poor margins

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Listen: West African overhang brings down European crude market amidst poor margins

Platts' Eklavya Gupte, West Africa crude editor, and Ned Molloy, North Sea crude editor, discuss the biggest slide in Brent crude prices this year, including the impact of Chinese de-stocking on West African exports, the fragile recovery in European refining margins, and headlines on Iraq and Libya. The soaring cost of freight in the last week is also impacting the prospects for floating storage to cope with the supply glut.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.