Global crude prices have staged an impressive rally, recovering to pre-COVID levels. However, many US Gulf Coast crude differentials and regional spreads are yet to normalize, raising the question if the 2020 demand shock and ongoing infrastructure buildout will have a permanent impact on relative prices.

S&P Global Platts Americas Crude Managing Editor Laura Huchzermeyer discusses recent price trends on the Gulf Coast and the Platts AGS waterborne crude assessment with Senior Pricing Specialist Kristian Tialios and Associate Director Matt Eversman.