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Crude Higher on Libya Production and India Exports

OIL

Crude and oil product markets tick higher on Libya production and India exports

  • Libya production is reported as falling further today after protests cause more port closures and India’s introduction of a tax on fuel exports are both adding upwards pressure to prices. Demand fears on the back of a US recession have not gone away and continue to limit any upwards moves.
  • Brent SEP 22 up 1.8% at 111.02$/bbl
  • WTI AUG 22 up 1.9% at 107.75$/bbl
  • Gasoil JUL 22 up 5.9% at 1228$/mt
  • WTI-Brent down 0.09$/bbl at -6.07$/bbl
  • Brent SEP 22-OCT 22 up 0.36$/bbl at 3.8$/bbl
  • Brent DEC 22-DEC 23 up 0.41$/bbl at 12.23$/bbl
  • US gasoline crack up 1.4$/bbl at 45.22$/bbl
  • US ULSD crack up 4$/bbl at 59.99$/bbl
  • Gasoline-Brent down -2.6$/bbl at 35.05$/bbl
  • Gasoil-Brent up 7.2$/bbl at 44.86$/bbl
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Crude and oil product markets tick higher on Libya production and India exports

  • Libya production is reported as falling further today after protests cause more port closures and India’s introduction of a tax on fuel exports are both adding upwards pressure to prices. Demand fears on the back of a US recession have not gone away and continue to limit any upwards moves.
  • Brent SEP 22 up 1.8% at 111.02$/bbl
  • WTI AUG 22 up 1.9% at 107.75$/bbl
  • Gasoil JUL 22 up 5.9% at 1228$/mt
  • WTI-Brent down 0.09$/bbl at -6.07$/bbl
  • Brent SEP 22-OCT 22 up 0.36$/bbl at 3.8$/bbl
  • Brent DEC 22-DEC 23 up 0.41$/bbl at 12.23$/bbl
  • US gasoline crack up 1.4$/bbl at 45.22$/bbl
  • US ULSD crack up 4$/bbl at 59.99$/bbl
  • Gasoline-Brent down -2.6$/bbl at 35.05$/bbl
  • Gasoil-Brent up 7.2$/bbl at 44.86$/bbl