Brent$116.11(≈RM471)▲ +2.43%WTI$102.95(≈RM418)▲ +2.78%Nat Gas$2.90(≈RM12)▼ -1.36%Bunker$1002.00(≈RM4,068)▲ +0.15%JKM LNG$32.03(≈RM130)▼ -0.99%MGO$1279.00(≈RM5,192)▼ -3.29%EU Carbon€89.20(≈RM403)▲ +0.11%TTF Gas€100.69(≈RM455)▲ +3.91%Diesel$4.75(≈RM19)▲ +2.15%USD/MYR4.0595—RON95RM4.42(≈US$1.09)▲ +2.31% W/WRON97RM4.90(≈US$1.21)▲ +2.08% W/WDieselRM5.27(≈US$1.30)▲ +3.94% W/W
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Refined Fuels, Not Crude, Are Driving the Oil Market Crunch

Refined Fuels, Not Crude, Are Driving the Oil Market Crunch

by
Industry News

Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict. Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs…

Original report: OilPrice.com ·

Refined Fuels, Not Crude, Are Driving the Oil Market Crunch

This is a curated industry news brief from the MarineCraft News Desk. Read the original coverage at the source.

Read the full story at OilPrice.com →

Source: OilPrice.com