Market Outlook
China teapots make rare murban oil purchases for quick delivery
Published09 MAY 25 - 15:36
Reading time
minutes
“Straight-run fuel oil is simply not an economic feedstock currently,” said June Goh, a Senior Oil analyst at Sparta.
Bloomberg, May 9, 2025 – Two Chinese teapot refiners bought 1 million barrels each of Abu Dhabi’s Murban crude for June delivery, a rare move driven by costly fuel oil and Middle Eastern supply overhang. June Goh from Sparta Commodities said high fuel oil prices and strong margins prompted refiners to purchase crude to boost run rates for summer demand.
Real time alerts, set to your specifications
Continue reading
The Med splits
Atlantic naphtha tightens on Russian outage and Brazilian ethanol shift, while deferred MOPJ spreads keep E/W afloat.
07 AUG 26 - 06:44
EBOB firms on Russian strikes, prompting Asian competition into South Africa.
Global gasoline spreads have rebounded on the day, led by EBOB in the Aug/Sep, with lesser gains...
07 AUG 26 - 06:14