Razlike u ceni WTI i Brent nafte

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Dvocifrena razlika u cenama WTI i Brent nafte u prvom kvartalu 2019. godine. To je rezultat kontinuiranog pada cena WTI nafte (ili manjeg pada u odnosu na cena Brenta) od novembra meseca 2018. godine.

Tokom prvog kvartala 2019. godine razlika u cenama između referentnih vrednosti za sirovu naftu Brent i WTI početno se proširila na 8-10 USD po barelu, a zatim se srušila na manje od 5 USD po barelu. Cene sirove nafte su početkom godine porasle zbog rastuće potražnje. Poslednje korekcije na tržištu nafte bile su sredinom jula 2018. godine nakon dodatnih isporuka iz Saudijske Arabije, Rusije i Libije. Povećanje trgovinskih nesuglasica otvorilo je i mogućnost da potražnja bude oslabljena zabrinutošću potrošača u pogledu globalnog rasta, jer je početak 2019. godine ispod očekivanog rasta.

Uzroci razlika u cenama WTI i Brent Crude nafte su:

  • Lokacija vađenja nafte - WTI se vadi u naftnim poljima Teksasa (kao iz škriljaca), dok Brent iz Severnog mora;
  • Geopolitički - cena Brent više osetljiva na geopolitička dešavanja od cene WTI;
  • Sadržaj i sastav - lakše je prečistiti naftu koja u sebi sadrži manje sumpora (Brent 0.37%, WTI 0.24%);
  • Gde se trguje? - trguje se naftnim fjučersima (Brent na ICE u Londonu, WTI na NYMEX u Njujorku); i
  • Cene i referentne vrednosti - ranije je WTI tgovao po premijum ceni Brenta, a nakon otkrivanja uljanih škriljaca po diskontnoj ceni, s tim da je referentna cena WTI za cene nafte u SAD, a 2/3 ostalih ugovora se vrednuje prema Brentu.

rs srpski

A two-digit difference in the prices of WTI and Brent oil in the first quarter of 2019. This is the result of a continuing fall in WTI oil prices (or a smaller decline than the Brent price) since November 2018.

During the first quarter of 2019, the price difference between the reference values ​​for crude oil Brent and WTI initially expanded to $8-10 per barrel, then dropped to less than $5 per barrel. Crude oil prices rose at the beginning of the year due to rising demand. The last corrections in the oil market were in mid-July 2018 after additional deliveries from Saudi Arabia, Russia and Libya. The increase in trade disputes has also opened the possibility that demand will be weakened by consumers' concerns about global growth, since the beginning of 2019 is below expected growth.

The causes of the differences in the prices of WTI and Brent Crude oil are:

  • Extraction Location - WTI is extracted from oil fields in Texas (as shale), while Brent from the North Sea;
  • Geopolitical - Brent price more sensitive to geopolitical events than WTI prices;
  • Content and composition - it is easier to refine oil containing less sulfur (Brent 0.37%, WTI 0.24%);
  • Where are they traded? - traded on oil futures contract (Brent on ICE in London, WTI on NYMEX in New York); and
  • Prices and benchmarks - WTI was previously traded at premimum to Brent, and after oil shale was discovered at a discounted to Brent, and WTI is bencmark for oil prices in the United States, while 2/3 of the other oil contracts are benchmark to Brent.

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