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    • Latest News from S&P Global Commodity Insights
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    Asian gasoline demand is expected to soften in the week of August 15-19 as buying interest from Vietnam has been heard to be weak for the second half of August, market sources said. Vietnam's gasoline import demand in H2 August is expected to fall amid reports of ample inventories and weak driving activity, according to market sources. Gasoline blending interest... [...]

    The Asian low sulfur fuel oil market was expected to come under further pressure Aug. 15-19 from increasing regional supply and higher Western arbitrage flows, extending bearish sentiment from the first half of the month. The Asian high sulfur fuel oil market, on the other hand, was expected to be steady to firm on expectations of a surge in demand... [...]

    Asia's butadiene-naphtha spread fell $121/mt day on day to hit a five-month low of $289.25/mt on Aug. 12, data from S&P Global Commodity Insights showed, driven by rapidly falling butadiene prices stemming from heavy supplies. The Asian butadiene market has been under pressure amid rising supplies in China, sources said. On Aug. 12, the spread was lower than a typical... [...]

    China's crude throughput fell to a 28-month low of 12.58 million b/d in July, depicting a surprise 6.3% month-on-month decline against a rise expected by some refining sources and analysts. The country's crude throughput fell 3% month on month on a metric ton basis to 53.21 million mt in July, National Bureau of Statistics data showed Aug. 15. The NBS... [...]

    Crude oil prices were under downward pressure early in the Aug. 15-19 trading week due to profit-taking amid a lack of fresh cues, with analysts saying higher than expected supply from both Russia and the US was adding to the uncertainty over the longer-term price outlook. The front-month ICE October Brent crude futures stood at $97.42/b at 0220 GMT Aug.... [...]

    Crude oil futures were lower in mid-morning Asian trade Aug. 15 on profit-taking amid a lack of fresh cues and after the ICE Brent marker briefly retook $100/b late last week on a wave of bullish headlines. At 10:13 am Singapore time (0213 GMT), the ICE October Brent futures contract was down 67 cents/b (0.68%) from the previous close at... [...]

    Bunker fuel sales in Singapore reached 4.121 million mt in July, up 9.8% month on month and 1.4% higher on the year, reaching the highest level of 2022 so far, according to preliminary data from the Maritime and Port Authority of Singapore Aug. 13. Sales of both low sulfur fuel oil bunkers in July reversed double-digit declines from the previous... [...]

    Saudi Aramco plans to raise its sustainable production capacity to 12.3 million b/d by 2025 as the world's largest oil-exporting company accelerates plans to bring additional output to market to meet the needs of global consumers, its chief executive told reporters during an earnings call Aug. 14. "It is going come gradually in 2024. I mean limited increase but in... [...]

    Canadian crude oil production has exceeded pre-pandemic levels and is poised to hit new records above 5.2 million b/d by the end of 2022, opening up a crude-by-rail arbitrage until pipeline capacity catches up. Likewise, price discounts for the heavy Western Canadian Select blend in Hardisty, Alberta hit their widest differentials against NYMEX WTI since early 2020, regularly pushing the... [...]

    Global economic weakness is unlikely to derail the recovery in air travel demand to pre-COVID levels by 2024, but the threat of high jet fuel cracks through next year is a significant concern, according to Marie Owens Thomsen, the International Air Transport Association's chief economist. While IATA sees passenger growth slowing sharply in 2023, it believes that as long as... [...]

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