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Diesel Higher on Druzbha Disruption to Refineries

OIL PRODUCTS

Diesel markets are trading higher on the news of disruption to Russian Druzbha pipeline flows to European refineries highlighting that upside risks have not disappeared.

  • The recent trend had seen demand concerns outweigh supply tightness and low inventories.
  • Gasoline spreads are also following the move higher but to a much lesser extent.
  • Brent OCT 22 up 1.3% at 97.87$/bbl
  • WTI SEP 22 up 1.3% at 91.93$/bbl
  • Gasoil AUG 22 up 4.7% at 998.25$/mt
  • US 321 crack up 2.5$/bbl at 37.62$/bbl
  • US gasoline crack up 1.4$/bbl at 32.43$/bbl
  • US ULSD crack up 4.7$/bbl at 47.98$/bbl
  • Gasoline-Brent up 1.7$/bbl at 16.24$/bbl
  • Gasoil-Brent up 4.6$/bbl at 33.38$/bbl
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