Middle East Economic Survey


No 14


Sour Crude Pricing: A Pressing Global Issue

The following article was written for MEES by Jorge Montepeque, Global Director, Market Reporting, Platts.

At the heart of the debate on crude oil pricing lies a paradox: as sour crudes grow in importance, the debate about pricing benchmarks has continued to focus on light crudes such as Brent and WTI, which have been the markers for the last 20 years.

But as the world becomes critically reliant...