High yield, low-sulfur African crude will drive exporters’ credit fundamentals
Posted on November 20, 2011 at 19:24 PM EST
The combination of expected-persisting monetary accommodation along with a hitherto sticky, macro-proof global demand profile for diesel (influenced further by the looming likelihood in China of a weather-aggravated supply shortage in the coming months) make West African crude and, by proxy, its sovereign credit our holiday frontier market wish list security of choice. The latter [...]