Global distillate margins showed remarkable strength this summer, with levels unseen since Feb 2024. Meanwhile, gasoline margins had to wait until August.
Iran exports steady near 1.2mbd; Venezuela lags at 540kbd on diluent shortages. Sanctioned flows hold but hinge on China demand, deep discounts.
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.
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.
Russia-India crude flows can rebound to normal levels, contingent on additions to vessel supply of shadow fleet.
The article examines fuel oil imports in Egypt and Saudi Arabia, as well as alternative energy sources used for power generation
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