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Late summer data shows us that the Wider Arabian Sea middle distillates keep moving West, but several factors are likely to cap export capacity in Q4.
Global butane prices are exhibiting strength relative to their regional propane counterparts, but robust exports could cap this strength
India crude imports fall in August due to lower arrivals into Nayara Energy refinery. We expect crude flows into India to rise in September and October.
Naphtha supply anxieties from Asia abounds as Ust-Luga naphtha exports remain muted and as MEG refinery works loom
Global butane prices are exhibiting strength relative to their regional propane counterparts, but robust exports could cap this strength
In this piece, we take a look at Atlantic and Pacific basin crude export dynamics, the state of OPEC+ and South America exports, and price dynamics.
