Podcast: The great divergence: crude collapses while products rally
Felipe Elink Schuurman and research heads Neil Crosby, James Noel-Beswick, and Jorge Molinero mark episode 100 analyzing crude’s peak weakness versus 10-year-high distillate rallies. Russia’s refinery crisis, Hormuz rebalancing, and when stock replenishment becomes the real floor signal.
Key Takeaways:
▸ Can crude’s collapse and product strength coexist much longer?
▸ Russia’s refining crisis is set to continue and adds to a lack of global spare refining capacity that has developed.
▸ Will stock replenishment become the real market floor for crude?
Listen now on Spotify & all major platforms!
Real time alerts, set to your specifications
Continue reading
Distillates strength pulls further ahead after a short breather, as tightness looms ahead; jet looks...
Diesel arbs into Europe are mostly closed despite the recent upturn in pricing. Meanwhile Jet arbs East-West are much more favourable. Further weakness in SG10 E/W and in NWE Jet CIF diffs likely.
14 AUG 26 - 08:08
Atlantic Basin looks to hold naphtha, giving support to MOPJ premiums
Marginal Med arbs and a shut Rotterdam–Chiba keep naphtha in the Atlantic Basin, with Brazil the stronger outlet and MOPJ risk building into Q4.
14 AUG 26 - 07:22