Resurgent Asian demand drives the world to backwardation

In our latest naphtha market commentary:> Asian strength opens the gate to new arbs from Europe and US 
Q4 ULSD arbs into Europe deeply closed despite low stocks, reduced runs and no clear source of resupply, Q4 E/W too narrow?

In our latest distillate market commentary:> All arbs into Europe appear closed, with AG & WCI arbs pointing East
Physical market remains tight globally as high octane component premiums reach new heights

In our latest gasoline market commentary:> TA arb shut and both ARA and USGC pricing to minimise outflows on tight finished product markets 
Global distillate cracks strong on net bullish paper positions, extremely low stock environment

In our latest distillate market commentary:> USGC arbs into Europe continue their recent primacy
Octane crunch continues in ARA as gasoline premium over naphtha reaches record levels

In our latest gasoline market commentary:> TA remains workable on huge RBOB blend discount in ARA despite narrowing TA spread and climbing freight rates
USGC supply dominates an exacerbated European short, WCI primary for Singapore, as refinery issues cut supply in the European Continent.

In our latest distillate market commentary:> USGC arb most cost effective into Europe currently whilst WCI is into Singapore
Summer crunch building steadily

In our latest gasoline market commentary:> TA slams shut despite extreme gas-nap spreads and a fundamentally tight US market
All arbs including USGC and AG/WCI point to Europe as regional refinery issues continue to take their toll

In our latest distillate market commentary:> Red Sea, AG, WCI arbs firmly point to Europe with even USGC arbs close to being open 
Europe softens as US remains supported and naphtha begins to show potential for recovery

In our latest gasoline market commentary:> Prompt TA arb has been widening steadily to keep the arb upon and compensate for slightly higher blend costs 
Is this the end of the summer bull party?

In our latest gasoline market commentary:> The gasoline party came to an end on Wednesday last week (2nd August).  Cracks, spreads and Gas-Naphtha differentials all reversed their course from ...
Resurgent Asian demand drives the world to backwardation

In our latest naphtha market commentary:> Asian strength opens the gate to new arbs from Europe and US 
Q4 ULSD arbs into Europe deeply closed despite low stocks, reduced runs and no clear source of resupply, Q4 E/W too narrow?

In our latest distillate market commentary:> All arbs into Europe appear closed, with AG & WCI arbs pointing East
Physical market remains tight globally as high octane component premiums reach new heights

In our latest gasoline market commentary:> TA arb shut and both ARA and USGC pricing to minimise outflows on tight finished product markets 
Global distillate cracks strong on net bullish paper positions, extremely low stock environment

In our latest distillate market commentary:> USGC arbs into Europe continue their recent primacy
Octane crunch continues in ARA as gasoline premium over naphtha reaches record levels

In our latest gasoline market commentary:> TA remains workable on huge RBOB blend discount in ARA despite narrowing TA spread and climbing freight rates
USGC supply dominates an exacerbated European short, WCI primary for Singapore, as refinery issues cut supply in the European Continent.

In our latest distillate market commentary:> USGC arb most cost effective into Europe currently whilst WCI is into Singapore
Summer crunch building steadily

In our latest gasoline market commentary:> TA slams shut despite extreme gas-nap spreads and a fundamentally tight US market
All arbs including USGC and AG/WCI point to Europe as regional refinery issues continue to take their toll

In our latest distillate market commentary:> Red Sea, AG, WCI arbs firmly point to Europe with even USGC arbs close to being open 
Europe softens as US remains supported and naphtha begins to show potential for recovery

In our latest gasoline market commentary:> Prompt TA arb has been widening steadily to keep the arb upon and compensate for slightly higher blend costs 
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