Oil product margins have been tossed around on a wild rollercoaster ride in October, as factors like impending Iran sanctions, the Sino-American trade war and upcoming new shipping regulations yank fuel profits up, down and back again.
Some margins, known as cracks, including for Asian fuel oil and gasoil have boomed, while others, like Asian and European gasoline cracks, have plunged.
Asia’s cracks for gasoil and fuel oil have gained 16.3 percent and a whopping 124.3 percent, respectively, since the start of the year – with most of the jump happening this month.
“These cracks are extraordinary,” said Sukrit Vijayakar, director of Indian energy consultancy Trifecta. Read More
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