Latest / Commodity Insider Daily Brief
Freight, not scarcity, is repricing West African crude
Production is rising and OPEC+ is holding quotas steady, yet the cost of moving a barrel has become the binding constraint. West Africa-to-Europe Suezmax rates roughly doubled in days, Angolan Hungo traded at -$19.60/b to Dated Brent, and Nigeria's petrol ceiling failed to hold retail prices down. The signature story is a logistics-and-feedstock chain, not a supply shock.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.