North Sea crude oil market weakness analyzed

In this podcast, Joel Hanley, Platts international crude oil manager, discusses factors behind the recent weakness shown in the North Sea crude oil market, including the effects of low US import demand and high import levels from West Africa and the Mediterranean and competition from Algeria's Saharn Blend; and why the rapid fall of North Sea differentials has come as a surprise to traders.

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We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.

Created: August 27, 2008

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