One Corner of U.S. Oil Market Has Alre - 股票

1.原文連結：
https://bloom.bg/2QTr5Gq

2.原文內容：
One Corner of U.S. Oil Market Has Already Seen Negative Prices
By Javier Blas and Sheela Tobben
2020年3月28日 上午12:25 [GMT+8] Updated on 2020年3月28日 下午7:00 [GMT+8]

In an obscure corner of the American physical oil market, crude prices have
turned negative -- producers are actually paying consumers to take away the
black stuff.

The first crude stream to turn upside down was Wyoming Asphalt Sour, a dense
oil used mostly to produce paving bitumen. Mercuria Energy Group Ltd., a
trading house, bid negative 19 cents per barrel in mid-March for the crude,
effectively asking producers to pay for the luxury of getting rid of their
output.

“These are landlocked crude with just no buyers,” said Elisabeth Murphy, an
analyst at consultant ESAI Energy. “In areas where storage is filling up
quickly, prices could go negative. Shut-ins are likely to happen by then.”

Brent and West Texas Intermediate, the benchmarks closely followed in Wall
Street, are hovering above $20 a barrel. But in the world of physical oil --
where actual barrels change hands -- producers are getting much less as
demand plunges due to the lockdown to contain the spread of the coronavirus.


Oil traders believe other crude streams are likely to see negative prices
soon at the well-head as refiners reduce the amount of crude they process,
leaving some landlocked crude without easy access to pipeline trapped.

Several crude grades in North American are already trading inside the single
digit territory as the market tries to force some output to shut-in. Canadian
Western Select, the benchmark price for the giant oil-sands industry in
Canada, fell to $5.06 a barrel on Friday. Southern Green Canyon in the Gulf
of Mexico is worth $11.51 a barrel, Oklahoma Sour is changing hands at $5.75,
Nebraska Intermediate at $8, while Wyoming Sweet prices at $3 a barrel.

3.心得/評論：

做瀝青用的油產品要付錢請人帶走?

產能再開下去 倉庫滿了 真的只能放水流了嗎

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