Podcast: The market is exhausted. The crisis is not.
Felipe Elink-Schuurman and June Goh cover the FT Commodities conference, where major trading house CEOs signalled no short-term resolution to Hormuz. June runs through crude premium collapse, EU sanctions, and a bullish fuel oil case into Q3.
> Felipe shares the view from FT Commodities Summit.>
> Forties premiums down $11 and what it means for crude flows
> Airlines cutting 20,000 flights: the demand destruction arriving now
> Why June thinks Q3 fuel oil cracks are a buy
> Naphtha East-West at its lowest since the war began
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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