Gasoil cracks to Brent have eased back towards early October levels in recent days, with prices sliding to 23.49$/bbl as of last week’s close. The strong premium that built through late October and November – fuelled by new US sanctions on Russia and Ukrainian drone strikes on oil assets – has largely evaporated as traders shift their focus from geopolitical disruptions to a bearish fundamental outlook for next year.
Brent is now trading below 60$/bbl after closing near 66$/bbl on 23 October, the day after the new sanction were announced.

To continue reading, complete the form below.

Read full article
Gasoil cracks retrace to pre-sanction levels

"*" indicates required fields

Are you looking for market data solutions to support your execution and analytics strategies?*
Consent*
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.
Read full article
Gasoil cracks retrace to pre-sanction levels

"*" indicates required fields

Are you looking for market data solutions to support your execution and analytics strategies?*
Consent*
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.
Pump jack silhouette against a sunset sky with deliberate lens flare and copy space. These jacks can extract between 5 to 40 litres of crude oil and water emulsion at each stroke.
Featured Product

Oil

Full product coverage and forward curves that provide visibility into the world’s oil markets.

Read more