193: Greg Newman – Dynamics and Themes Impacting the Global Oil Market
Chat With Traders
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The Differential to Brent Swap and Jet Fuel in North West Europe
What it essentially means is the stable interactions that the physical guys use and the derivative players use to trade around. So for instance, you could say, yeah, as I said, the Jet Fuel in North West Europe, that will be a differential to Brent Swap as well. You could have a differential to Jet Fuel to Gasol. It's get very granular, but that's the way we describe it and the differentials reflect what's going on in the regions.
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