Crude oil: all change in 2023

Crude oil: all change in 2023

A new LSEG whitepaper, written in conjunction with Argus Media – the leading independent provider of market intelligence to the global energy and commodity markets – unpacks a dynamic crude landscape; the inclusion of West Texas Intermediate (WTI) Midland into the Brent basket; and the impact of these factors on financial institutions.
Download the paper and find out more about:

  • The three key factors – supply side changes, uncertain demand and sanctions – that are currently driving complexity and change in global crude markets.
  • The inclusion of WTI Midland into North Sea Dated from June 2023 and how this is effectively redrawing the market that underpins the world’s most important oil benchmark.
  • The impact of WTI Midland in Financial Institutions
Gain a strategic edge by tapping into the minds of the industry's best. Our whitepaper provides exclusive access to expert analysis, giving you the upper hand in the Crude Oil market.
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“It is still early days, but an objectively weaker benchmark is likely to feed into a lower ICE Brent futures price. This means that financial institutions will need to look at their futures positions carefully.”

James Gooder, VP Crude, Argus Media
“Sector participants cannot fully visualise the many inter-connected factors that are impacting the market today without complete, reliable and up-to-date data and analytics.” 

Corey Stewart, Manager, Fundamental Analysis & Research, LSEG
Our insightful experts
Corey Stewart, Senior Energy Analyst, LSEG
Corey Stewart is a Senior Energy Analyst on Refinitiv’s Houston Oils Research Team, where he analyzes nascent trends in the Western Hemisphere’s crude oil and refined products markets. He is the Co-Creator and Co-Host of Refinitiv’s popular podcast, The Rundown Tank: Americas Oil. Prior to joining Refinitiv earlier this year, Corey worked on Valero Energy Corporation’s Strategic Planning and Market Analysis team. There he engaged in fundamental and technical market analysis, and regularly consulted to C-level executives and other senior leaders.
James Gooder, VP Crude, Argus Media
James is responsible for raising commodity price reporting agency Argus’ profile in Europe and Africa, with a particular focus on the crude oil, refined products and LPG sectors. He works closely with companies and governments to help them find ways to price commodities transparently and fairly. James has been with Argus since 2004 in several editorial and business development roles, including editing European electricity and emissions market publications. In 2007-10, he was the editor of the daily Argus Crude report, managing a global team of reporters and developing new crude price assessments. Prior to joining Argus, James worked as a teacher and as a journalist. He holds a BA in English and American Literature from Manchester University and an MA in International Journalism from London’s City University.
James Mitchell, Commodity Thought Leader, LSEG
With 28 years of commodity market experience in Crude Oil, Refined Products, Shipping, Power, Natural Gas and Grains, Jim brings thoughtful leadership and trading expertise from such companies as Shell and Cargill. He has a proven track record in the intricacies of physical, financial, and non-linear trading. As an out of the box thinker, his versatility and innovation makes him a master at translating complex subject matter to actionable processes.
Unlock the future of energy with our exclusive Crude Oil 2023 whitepaper. Fill out the form and download your copy today!