Gasoline cracks slip on weaker export demand
“EBOB finally reacting to the almost complete lack of outlets, with cracks and spreads plummeting in recent days,” Sparta analyst Phil Jones Lux said.
Reuters, May 9, 2024 – Phil Jones Lux from Sparta commented on the European gasoline market, noting that refining margins have dropped due to a lack of export opportunities. He mentioned that while European prices are weakening, this might widen the transatlantic arbitrage, potentially opening up export opportunities to Canada or Brazil.
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