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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Products Imbalances & Pressure Points

Published: 10 March, 2025

Highlights:

  • Naphtha: Trump tariffs on car imports and budding trade war to keep petchems in the doldrums
  • Gasoline: Dangote to cap EU summer cracks, but E/W still seen wider than forward curve
  • Jet/Kero: High AB stocks and yields to cap regrade; jet strength unlikely until mid-2Q
  • Gasoil/Diesel: Arbs to NWE reopen, ...

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