#1
18May17:30
GL 134B out, Rotterdam dark, OPEC+ pending
Three independent squeezes land in one fortnight: OFAC's GL 134B waiver expired 16 May, BP Rotterdam's 400kbd is dark on both crude units, and OPEC+ meets 7 June after a seven-member 188kbd June hike. Brent-Dubai EFS sits above $6/bbl. The trade is in the disconnects, not the headline price.
Read full update →