Insight
Oil product markets: 5 things to look for in 2019
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The name of the game in 2018 for product markets was diesel, as the middle distillates group as a whole significantly outperformed light ends on a crack spread basis. During the back half of 2018, gasoline cracks even fell below zero for certain refining configurations throughout the world. Could the "IMO effect" potentially serve to re-balance gasoline in the back half of 2019? In this brief insight, we explore five topics to look out for in the 2019 product markets.
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