Maintenance on secondary cracking units at the Jamnagar and Yanbu refineries is having a conflicting impact on European gasoline and Vacuum Gasoil markets. Supply of gasoline out of the units has been dented, meaning Northwest Europe is being tapped to fill the void, while demand for European VGO to feed the units has fallen off. S&P Global Platts Iain Stevenson talks with Tamara Sleiman and Solomon Lanitis to discuss these developments and how they have played a role in recent price fundamentals.
The following Platts assessments were discussed in this podcast:
VGO 0.5-0.6%S CIF NWE
$515/MT
08/21/2018
VGO 2.0%S CIF NWE
$504.75/MT
08/21/2018
Gasoline Eurobob 10ppm FOB ARA Barge Brent Crack Financial Mo01 (NextGen MOC)
$10.30/BBL
08/21/2018
Straight Run 0.5-0.7%S FOB NWE cargo
$463.50/MT
08/21/2018