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Latest Analysis / Short-term Global Oil Service

Asia Oil Weekly - Cold weather support to persist in the West, pulling products and threatening refining operations

Published: 10 January, 2025

Highlights:

  • Crude: 300-400 kb/d of Iranian crude supply at risk following China’s port ban.
  • Naphtha: Supply disruptions provide lifeline for Asian naphtha amid weak cracking margins and strong crude prices.
  • Gasoline: Singapore cracks to face near-term pressure, but a wider deficit should lift cracks before ...

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