Commodity Market Report
Genscape weekly European market signposts - a second spike in US Covid-19 cases to stall Atlantic Basin gasoline recovery?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
This weekly update integrates Genscape’s proprietary monitoring of near-term data with Wood Mackenzie's Product Markets Short-Term analysis to provide insight to the fast-changing European oil products markets. As US virus cases continue to rise, gasoline demand recovery is looking increasingly fragile, and the future more uncertain than ever. Sustained U.S. demand is the key indicator to watch for signs of price weakness in Atlantic basin gasoline, and by implication US and European refinery margins.
Table of contents
- A second spike in US Covid-19 cases is a downside risk to on Atlantic Basin gasoline trade
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U.S. demand has increased steadily, supporting refinery margins
- Atlantic basin storage overhang will cap upside in refinery margins
- Trans- Atlantic arbitrage
- Weekly European market signposts
Tables and charts
This report includes the following images and tables:
- US PADD 1 and PADD 3 gasoline demand
- ARA gasoline and components stocks
- New York Harbor gasoline stocks
- European gasoline exports to North America
What's included
This report contains:
