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Road fuel availability dampens price sentiment ahead of US driving season

Road fuel availability dampens price sentiment ahead of US driving season

FromOil Markets


Road fuel availability dampens price sentiment ahead of US driving season

FromOil Markets

ratings:
Length:
15 minutes
Released:
Jun 20, 2024
Format:
Podcast episode

Description

The Northern Hemisphere summer's regular star of the oil barrel, gasoline, has entered its traditional season of price strength with the market structure in contango and cracks far softer than usual for this time of year. With strong refinery production, rising inventories and a modest demand picture, Joel Hanley and frontline reporters Matthew Tracey-Cook and Kelly Norways examine the key variables currently affecting gasoline markets and discuss the impact of returning refinery utilization on the wider oil product spectrum. Links: European gasoline crack hits multi-month low amid dull start to summer driving season (subscriber content) Gasoline Prem Unleaded 10ppmS FOB Med Cargo - AAWZA00Gasoline Eurobob 10ppm FOB ARA Barge Brent Crack Financial Mo01 (NextGen MOC) - ABWFL00 Gasoline Prem Unleaded 10ppmS FOB AR Barge - PGABM00 
Released:
Jun 20, 2024
Format:
Podcast episode

Titles in the series (100)

S&P Global Commodity Insights analysis of key oil price movements across the globe.