Dave Marino, http://oilblog.platts.com

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The Basis for Long Dated Oil Futures Prices [view article]
The forward price of oil is not a prediction of where spot prices will be in five years, but the current price for oil to be delivered five years from now. Current prices are higher because tight supply/demand fundamentals for crude have placed a premium on prompt oil over oil for deferred delivery. Many factors set the price for long-dated oil -- expected production costs, economic growth predictions and interest rates, among others. Jan 14 11:22 AM
U.S. Crude Oil Benchmark Proves Understated [view article]
Your prices for crude are way off. As of Aug 1, nearby WTI futures were over $76/barrel, and more than $1/barrel above nearby Brent. At those prices, how is the US benchmark understated? Aug 02 12:26 PM
ICE and NYMEX Duke It Out For The (Sweet) Sour Crude Contract [view article]
There are already ways to hedge sweet vs. sour risk. Over-the-counter Brent-Dubai swaps are widely traded, and cleared on both ICE and NYMEX. There is also rising interest in Urals CFDs. However, a sour crude contract could bring in more of the purely financial players to the Dubai/Oman market and add liquidity. May 01 11:18 AM

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