US Oil and the WTI Benchmark

Adi Imsirovic ()
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Adi Imsirovic: The Oxford Institute for Energy Studies (OIES)

Chapter Chapter 13 in Trading and Price Discovery for Crude Oils, 2021, pp 187-206 from Springer

Abstract: Abstract The grand old benhmark. CushingCushing hub at the crossroads. President ReganPresident Regan decontrols the markets. Trading in WTIWest Texas Intermediate (WTI) picks up. The NYMEXNew York Mercantile exchange (NYMEX) exchangeexchanges. Challenges, falling production and imports, then a glut. WTIWest Texas Intermediate (WTI) decouples from the world oil marketsoil markets. Lifting of the export ban. Peak oilPeak oil (again, again) and shaleshale. Game changer. Demand shock and negative prices. Accident or a foul play?

Date: 2021
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DOI: 10.1007/978-3-030-71718-6_13

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