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Thread: The difference between WTI and Brent

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    The difference between WTI and Brent

    Anyone familiar with the differences? It is one that most people probably aren't familiar with. Of course this is a bit of a strange random post, but the article I read on this recently was interesting. With all the news on oil and commodities coming out recently, I was curious. Give it a read through. Let us know what you think. Difference between WTI and Brent

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    west texas intermediate and brent
    one is assumed to be onboarded in texas the other in europe the difference is probably mufti-faceted

    you have to consider logistics here and tax regimes in a sense you cannot teleport oil from texas to europe and vice versa
    you also have no idea which country and what sort of excise taxes or otherwise you have embedded in onboarding or offboarding said crude


    about the api and viscousity differences it is really if you go into physical market for delivery i think but i do not know about that.
    what i do know is that LLS (louisiana offboarding crude) is closer in price to brent.
    http://blogs.platts.com/2013/11/20/lls-brent/

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