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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