European Crude Monthly

Monthly intelligence on Europe’s oil market and the key forces shaping the Brent complex

Overview

REA’s European Crude Oil Service provides a definitive lens on the region’s complex oil landscape, bridging the gap between raw data and actionable market intelligence. By combining proprietary supply/demand models with rigorous fundamental analysis, we deliver a granular view of refining dynamics, inventory trends and trade flows across the region. Whether navigating the volatility of Dated Brent differentials or anticipating the impact of geopolitical events, our service equips traders, refiners, and strategists with the forward-looking insights necessary to identify opportunities and manage risk in the world’s most important pricing centre.

Our Benefits

Keep track of oil fundamentals, refining developments and physical pricing in the world’s most important pricing hub

Fundamentals

REA tracks country crude balances across Europe

Trading activity

REA tracks key activity in the Brent complex, including CFDs, DFL, Cash BFOE and ICE Brent

Differentials

REA provides analysis of key Dated Brent differentials and trading activity in the world’s most important pricing window

Refining

REA tracks refining activity across Europe and key shifts in runs, yields, grade selection and hedging activity

Deep Dive

REA provides clients with regular deep dive market commentary to unpack complex developments in the European oil market

Differential to Dated Brent (US$/b)

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WTI Midland crude exports by region (kb/d)

Deliverables

Subscribers to REA’s European crude service receive several deliverables each month, including
Monthly report
Clients receive a monthly report focused on all the key developments shaping Europe’s crude market and the physical and financial layers of the Brent market.
Clients receive regular analysis on the various layers underpinning the Brent complex: Dated Brent pricing analysis (grades, chains and differentials), forward Brent and ICE Brent. Our analysis also examines the drivers behind CFD swaps pricing behaviour.
Clients receive Alerts in response to market-moving events. Our alerts help clients understand the ‘so what’ to major events impacting the Brent complex
Each month, clients receive a deep-dive note on a key strategic theme shaping the market. Previous examples have included: WTI Midland’s inclusion into Brent, shifts to Libyan oil pricing, Guyana’s growing role in Europe and the impact on Europe’s sour market from Russia’s invasion of Ukraine. Our deep-dives are all excel-backed and used to help inform commercial decision-making for traders, refiners and planning teams.

Our team responds quickly to client questions on fast-moving market events.

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