Here is the compilation of all my posts regarding the basics of crude, condensates and refined products to help you make sense of how bad the situation is for each product.
1) Crude - The tussle for crude leading to high crude premiums and the mismatch of crude qualities to replace the medium sour crude that Asia sorely needs
2) Condensates - The impact of Qatar LNG outage to the oil and petchem world
3) Naphtha + LPG - The basic building blocks of plastics and the bare necessities of life
4) Mogas - the most politically charged barrel but the easiest to solve in the current crisis
5) Jet fuel - The most stressed barrel because you can only get jet fuel from refineries
6) Diesel - The workhorse of the barrel. You need this fuel in industry, power gen, mining, fishing.
7) Fuel oil - The forgotten, unloved barrel but is now priced higher than crude. This is used predominantly as bunker fuel in many of our ships, so again - no crude for refineries = no bunker fuel produced
Sharing is caring. Repost if you care. #oott
Condensates:
Naphtha + LPG:
Mogas:
Jet fuel:
Diesel:
Fuel oil:
Do follow @SpartaCommo for up-to-date insights of what's going on in the oil markets. You need to. #oott
Lastly, please note that I am really overwhelmed and unable to answer all your messages. I am trying my best to help so please do not take offense if I really can't find time to answer you. Thank you!
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