September 18, 2024 15:29 GMT
MNI Commodity Weekly: U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024
OIL
Full piece here:
- U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024: A combination of sluggish demand and more clean product supply for the Atlantic Basin in 2024 presses U.S. refiners in Q3.
- Oil Markets: Crude markets maintain their bearish sentiment although near term supply disruption from Libya, the U.S. and Kazakhstan are providing some support this week. The decline in diesel and gasoline cracks has also stalled slightly due to tighter supply from the refinery maintenance season and run cuts driven by the weak margins. (Pg.3)
- Analyst Views: See oil market summaries and outlooks by biggest names in industry. (Pg.7)
Full piece here:
MNI Commodity Weekly - U.S. Refining Pressed by Weak Margins as New Suppliers Compete in 2024.pdf
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