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Overseas refiners paying record high prices ‌for some crude oil grades, far exceeding futures

Apr 07, 2026 15:47 UTC

Overseas refiners paying record high prices ‌for some crude oil grades, far exceeding futures.

  • SlavkoSereda/iStock via Getty Images European and Asian refiners arepaying record high prices‌of near $150/bbl for some physical crude oil grades, far exceeding prices in the futures markets, highlighting the tightening supply from the Middle East war due to the closure of the Strait of Hormuz

SlavkoSereda/iStock via Getty Images European and Asian refiners arepaying record high prices‌of near $150/bbl for some physical crude oil grades, far exceeding prices in the futures markets, highlighting the tightening supply from the Middle East war due to the closure of the Strait of Hormuz.

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