Market Outlook
Podcast: The largest stock draw in history. Oil barely moved.
Podcast: The largest stock draw in history. Oil barely moved.
Published21 MAY 26 - 10:26
Duration
37 mins 01 secs
Felipe Elink Schuurman, June Goh, and new analyst Abhishek Kumar cover a record 19.5mb stock draw that barely moved prices, the Russia OFAC waiver with no new barrels, India’s supply strategy, Asia’s group buying trend, and trade views across distillates, jet, fuel oil, and gasoline.
- Russia’s OFAC waiver extension adds zero new barrels. June explains what traders missed.
- India’s continued appetite for Russian crude. Modi is asking citizens to cut consumption. What comes next?
- VGO market heats up. Feedstocks demand firm with secondary unit margins strong.
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