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Latest Analysis / Short-term Global Oil Service

Asian Oil Weekly - Gasoil and Fuel Oil Cracks Throw Refiners a Lifeline

Published: 17 April, 2020

Highlights:

  • CRUDE: Platts Dated Brent fell below US$20/bbl as the recent OPEC+ production cuts are insufficient to prevent a huge stockbuild in 2Q. Physical crude prices to remain under pressure in coming weeks.
  • NAPHTHA: Demand destruction due to COVID-19 is compounded by higher Western arbitrage flows. ...

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