Crude oil markets soar while Russian sellers count the cost

Europe's sweet/sour crude price spread has widened on strong distillate demand and caution over Russian barrels. Platts reporters Emma Kettley and Iain Stevenson give an update on the soaring strength in light, sweet crude. Also, Jonty Rushforth and Joel Hanley discuss the Feb 14 launch of Platts proposed next steps for the Brent benchmark, like the inclusion of US WTI Midland crude.

Subscriber note: Platts proposes to reflect WTI Midland in Dated Brent, Cash BFOE from June 2023, keeps Brent assessments on an FOB basis

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