Podcast: Brent whipsaws and USGC 3:2:1 margins explode. The diesel crisis behind it
June Goh hosts Abhishek Kumar and Jorge Molinero as Brent swings from $100 to $85 to $93 in a week. They cover Houthi attacks on Saudi infrastructure, Suez rerouting costs, a tightening diesel market, and diverging crude premiums across Hormuz and Red Sea choke points.
Key Takeaways:
▸ Yanbu crude rerouting sees Asian buyers panicking.
▸ Strong TC14 freight, the Jizan outage and Russian export ban uncertainty keep Europe’s diesel tightness alive.
▸ USGC refining margins blow out on the lowest crude stocks, highest refinery runs and lowest gasoline and diesel stocks in years.
▸ TA arb poised for upside with PADD1 draws and US protecting barrels.
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