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Short-term Global Oil Service
Asian Oil Weekly – Sluggish Economy Holds Tight Control Over Distillate Cracks
Published: 1 November, 2019
Highlights:
- CRUDE: Saudi Aramco will likely raise OSPs for October loading Arab Light and Arab Medium grades. We expect a downward adjustment to Arab Heavy’s OSP.
- NAPHTHA: Weak petchem margins continue to apply downward pressure on naphtha demand.
- GASOLINE: Cracks weighed down by high Chinese exports. ...
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