Europe Oil Market Commentary

Brent recovered from softness in Asia to recover to around Friday's levels by the close Monday, naphtha tight...

A surge in RBOB prices caused Eurobob backwardation to widen Friday...

Gasoline and naphtha prices and cracks surged higher for a second day in a row...

Gasoline and diesel prices and cracks gained, but propane drifted lower versus naphtha after US EIA report...

RBOB gasoline continued to soften in the US, driving prices lower in Europe again...

Brent slumped to a seven-week low to trade close to $69/b amid a risk-off day in global markets ...

Crude futures close the week under pressure as the market re-evaluates the cohesion of the OPEC+ group, and the impact of the huge US product build last week ...

Gasoline and naphtha prices dropped, but cracks rose and nearby backwardation widened amid very low stock levels, and the likelihood of US refinery runs falling...

Distillates softened more than Brent as the market reacted to the US weekly inventory report...

After dropping earlier in the day on US inflation news, Brent rallied back late afternoon to post gains and lift European prices...

Brent ended the day lowert than Friday to soften European oil product prices, but cracks for naphtha and gasoline rose again...

The European oil complex is doverging between light end strength, middle distillate edging sidewways, and high sulfur fuel oil softening...

Crude bounced back in afternoon trading, while buoyant distillates shook off a US stock build and product cracks generally improved

Brent continued to fall fast, with gasoline falling more than crude Wednesday, after LSG fell more Tuesday...

European distillate futures remains in the doldrums, falling more than Brent amid the sell-off..

Backwardation in gasoline widens amid a rally in prices in cracks amid further gains in Brent...

Market waits for OPEC+ to make a call, but there are signs of the European market tightening amid continued low runs after being crowded out of the recovery by the US...

Brent surged amid the OPEC+ talks, and oil products in Europe gained across the board, but there was a mixed bag of moves...

Brent drops lower by 1630 UK time after rising US refinery utilzation rates build more gasoline stocks...

Gasoline cracks rally after Brent recovers from a morning slump...