Who Collects the Oil Gap
Who Collects the Oil Gap
In mid-October a barrel of Brent crude for future delivery cost about $107, while a physical cargo of North Sea crude cost $134, according to the International Energy Agency’s October report. This episode asks who collects the money in each gap between that headline price and the diesel pump during the war with Iran, and who pays. For more, read my essay at www.wernermouton.com.