Atlantic physical crude dynamics following Dated Brent's all-time high

Atlantic physical crude dynamics following Dated Brent's all-time high

From Oil Markets by S&P Global Commodity Insights

April 16, 2026 · 15 min

About this episode

The episode discusses the impact of Dated Brent's record high on physical crude oil markets in the Atlantic basin amid the ongoing war in the Middle East.

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 the physical crude oil markets in the European and African region.

People in this episode

Host: Emma Kettley

Guests: Ernest Puey, George Delaney

Topics covered

  • crude oil markets
  • Dated Brent
  • physical market fundamentals
  • cash differentials
  • Middle East conflict
  • European markets
  • African markets

Keywords

  • Dated Brent
  • crude oil
  • cash differentials
  • physical market
  • Atlantic basin
  • North Sea
  • West Africa
  • Mediterranean
  • oil prices
  • market dynamics

Mentioned in this episode

Organizations: Platts

Places: Atlantic basin, North Sea, West Africa, Mediterranean

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