All oils are not created equal

The surge in US oil stocks on the Gulf coast means that the pipeline constraints which had been holding back the price of WTI now look largely to have been resolved. However, excess supplies of light, sweet shale oil are still a problem as US refineries are mainly set up to process heavy oils.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.