Marathon Petroleum expects wider WTI-Brent spread

摘要

Flush US crude inventories and increasing inland and US Gulf of Mexico production will push US crude discounts to Brent wider, US independent refiner Marathon Petroleum said. A $22-$23/bl discount for West Texas Intermediate (WTI) crudes to Brent supported by weakness in European refining and a heavy turnaround season will not likely return, said Mike Palmer, Marathon Petroleum senior vice president of supply, distribution and planning. But WTI inventories at the storage hub of Cushing, Oklahoma, remain above 51mn bl, and domestic production from the Bakken, Eagle Ford and the US Gulf of Mexico remain strong.