Podcast: Brent flips to contango. Is the crude crisis over?
Neil Crosby, June Goh and Abhishek Kumar unpack Brent’s shock flip into contango as Hormuz reopens and AG crude floods back. Dubai swaps at minus one, the “Asian crude buffet,” a potential Russian diesel ban, and why jet looks weaker than diesel into summer.
Key Takeaways:
▸ Brent in contango – buying opportunity or fair value?
▸ The “Asian crude buffet” – PG glut, Iranian waiver, no China.
▸ Refinery runrates: Max is what we need, but can the units deliver?
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Distillates strength pulls further ahead after a short breather, as tightness looms ahead; jet looks...
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