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Arbitrage
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Analysis: US Crude Exports Hit Record in September
Nov 8, 2016US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...
Tags: crude exports, crude
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FOB Singapore 500 Ppm Gasoil Cash Differential Nosedives Into Discount on Supply Glut
Dec 18, 2015The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
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Parity Seen Between Russian, European SBR Offers as 2015 Draws to Close
Dec 15, 2015Russian-origin styrene butadiene rubber 1502 grade was seen being offered at prices similar to offers from mainland Europe this week eroding the Eur50-200 spread between product from the two sources through 2015, trade sources said. ...
Tags: styrene butadiene rubber, SBR-1502
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US Refinery Margin Tracker: Unquenchable Gasoline Demand a Gift for US Refiners
Dec 15, 2015Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
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China Polymer Traders Re-Exporting Offload Cargoes
Nov 26, 2015Some polymer traders in China are re-exporting their spot imported LDPE and LLDPE cargoes in a bid to clear inventory in the face of weak domestic demand, sources said Wednesday. This is an unusual practice because China usually absorbs ...
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China's Oct Ethanol Imports Fall 43% From All-Time High to 68,961 Cu M
Nov 25, 2015China's ethanol imports in October fell from an all-time high in September, as inflows of fuel-grade denatured ethanol slid by nearly 70% even as the undenatured industrial grade posted an uptick in incoming volumes. Total imports in ...
Tags: ethanol, fuel, undenatured ethanol
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US Styrene-Benzene Spread Narrows on Week, Stays Below $200/Mt
Nov 25, 2015The US styrene-benzene spread narrowed as it remained below $200/mt, assessed at $161.07/mt Tuesday, down $19.52 on the week, according to Platts data. The spread has been below $200/mt for the majority of November, assessed above $200/mt ...
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Urals Prices Versus Dated Brent Jump as DEC Novorossiisk Schedule Proves Short
Nov 25, 2015Urals differentials versus the Dated Brent market jumped in both the Mediterranean and Northwest Europe in European trading Tuesday after the full provisional December loading program for the Black Sea port of Novorossiisk proved to be the ...
Tags: Urals cargoes
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Trans-Atlantic Gasoline Arb Reopens on Stronger US Prices
Nov 25, 2015The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets. Platts assessed the Eurobob barge at $469.25/mt, or $1.3412/gal, while RBOB cargoes delivered ...
Tags: gasoline, Mediterranean gasoline
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US Gulf Coast Hsfo Swaps Market Contango Widens out for DEC/Jan
Nov 24, 2015The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
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Singapore Cracking Margin at Widest in 32 Months on Firm Naphtha, Weak Crude
Nov 24, 2015The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...
Tags: Dubai crude, gasoline, sour crude
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USGC-Europe MR Freight Rate Falls to 8.5-Month Low as Ships Sit Prompt
Nov 6, 2015Despite expectations of a seasonal pickup in the Medium Range tanker market in the Americas in the fourth quarter -- particularly from November onward -- charterers were able to pressure freight rates lower Wednesday, with Medium Range ...
Tags: Freight Rate, USGC-Europe, LR1 tanker
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Feature: LR1 Tanker Rates Surge; Europe Ullage Issues, Naphtha Demand From East
Nov 6, 2015Long Range 1 tanker rates are soaring in Europe as vessels are delayed due to high storage levels in Europe, and the busy naphtha arbitrage to the East is rapidly eating into the available tonnage. LR1 rates on the Northwest Europe to ...
Tags: LR1 Tanker, Naphtha, ships
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Colonial Line 2 Space Sags Back to 2015 Low on Usgc/Usac Spread for Ulsd
Nov 6, 2015Line space on Colonial Pipeline's distillate Line 2 on Wednesday fell back to the lowest point seen this year on a tighter US Gulf Coast/Atlantic Coast spread for ultra low sulfur diesel. Platts assessed line space on the 1.16 million b/d ...
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Dubai-Wti Swap Spread at Highest Level Since MID-January
Nov 6, 2015The differential between the WTI frontline swap and the Dubai swap is at its widest since mid-January, possibly opening up arbitrage opportunities for imports into the US, Platts data showed. The December Dubai swap was trading at a ...
Tags: WTI frontline swap, Dubai swap, crude
