European Product Market - October 2017

Source: OPEC 10/22/2017, Location: Europe

Product markets in Europe performed slightly better compared with last year, supported by higher demand for gasoline and middle distillates as well as arbitrage opportunities to the US in the aftermath of the Hurricane.

Premium gasoline crack spreads were broadly flat in September over the previous month, however the spreads started the month at a two-year high level before dropping to $18.69/b in the week ending 29 September. The development towards the end of the month was driven by high regional supply further exacerbated by reduced US arbitrary opportunities.

The European middle distillate crack spread showed moderate improvement, which was attributed to demand amid planned seasonal refinery maintenance. This was also supported by product export opportunities to the US.

Crack spreads for fuel oil weakened, on the other hand, due to strong regional supply, lower demand and higher ARA inventories.

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


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