In our latest crude market commentary:
> Cushing inventories flirting with alarming lows despite overall uptick in US crude stocks
> North Sea crude strength continues basis WTI Cushing issues, Sharara outage, and flows into the Med
> Apparently large flows of NS crude flowing into the Med surprising given it has better options coming from Black Sea or from the US, but North Sea landing better than WAF especially for October onwards
> Atlantic Basin cracks suffering from stronger crude market and lacklustre demand expectations despite maintenance around the corner
> Some light at the end of the tunnel for the Asian crude market with cracks falling by less than those in the East and reports of potentially higher buying from China into Q4
