Alaska North Slope crude values dropped sharply, reaching fresh lows this week as trading for June cargoes started. Alaskan North Slope crude for June delivery to the US West Coast traded late Wednesday at a $10.25/b discount to the June ICE Brent calendar month average. That followed a trade reported Tuesday at ICE Brent CMA minus $10.15/b. It is the steepest recorded discount to ICE Brent since ANS began regularly trading versus the Brent benchmark in 2018. The last steepest recorded discount to ICE Brent CMA was on December 1, 2016, at minus $4/b. Since 2018, the steepest discount seen has been ICE Brent CMA minus $2.95/b on March 13, 2020. In March, six ANS […]