Morgan Stanley's Basis and Differentials: Oil Prices Around the World or "Everything You Wanted To Know About Global Oil Fundamentals (But Were Afraid To Ask)"
From ZeroHedge:
There's more than one oil price around the world and as the following
comprehensive (but brief) overview from Morgan Stanley's Global Energy
Teach In shows, crude oil pricing across the world is dynamic and multi-factorial
- from fundamental factors (such as simple supply and demand and
seasonality) to macro factors (such as USD strength, macro sentiment,
and "burden") and risk premia (e.g. geopolitics), the following provides
everything you wanted to know about global crude oil fundamentals, but
were afraid to ask....MUCH MORE
