🚀 𝐆𝐚𝐬𝐨𝐥𝐢𝐧𝐞 𝐀𝐥𝐞𝐫𝐭 🚀 Gasoline has recovered, but MAJORS and TRADE HOUSES are still on the SELL-SIDE of Oct/Nov EBOB swaps at higher levels. - Less production from lower FCC margins and run cuts may continue to support prices in the short to medium term. - Lack of Gasnaph (NWE EBOB/ NWE Naphtha) sell-side suggests that Gasoline could remain supported in the short term. - Stronger Naphtha crack could also lend support to the Gasoline market. Try Onyx COT now: https://shorturl.at/MTnub
Onyx Capital Group’s Post
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The cost of refilling a 12.5kg LPG cylinder has surged 69% in 2024, now priced at N15,552.56, up from N9,194.41 last year. https://lnkd.in/dMf3r7km
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CRUDEOIL Trading View: CRUDEOIL is trading at 6448. If it holds below 6477 level then expect it to test 6390-6380 levels quite soon and once it manages to trade and sustain above 6477 level then some upmove can follow in it. www.Sharetipsinfo.com #CrudeOil #crudeoiltrading #commodity
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CRUDEOIL Trading View: CRUDEOIL is trading at 6864. It will find its immediate support at 6820-6815 levels if it manages to hold above it then it is likely to test 6940-6960 levels quite soon. Buy on every dips till it holds above 6820-6815 levels is recommended in it. #CrudeOil #crudeoiltrading #commodity #CommodityTrading #CommodityTips
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Current Affairs Reporter @Nyota TV | Multimedia Journalism, Website, Digital and Online Content Production.
Reprieve as EPRA further reviews fuel prices downwards for the next 1 month, the maximum allowed retail price for petroleum products at the pump for Super Petrol, Diesel and Kerosene will decrease by KShs.5.31 per litre, KShs.10.00 per litre and KShs.18.68 per litre respectively
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📊 Bitumen markets had lots of uncertainty last week since traders were confused by the sudden drop in oil. Let's take a look a quick look into the week's events. Click the link below to read more about #bitumenprice 👇🏻 https://lnkd.in/ditMrZ_4
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Business Strategist | Digital Innovation | Downstream Oil & Gas | Former Accenture Strategy
Traders are making a strategic shift towards filling up storage tanks along the U.S. East Coast with distillate fuels in response to sluggish demand, and concerns over limited storage capacity. Refineries along the East Coast and in the West are switching to producing more gasoline, reflecting a calculated response to market dynamics since gasoline demand has shown more resilience than that of distillates such as diesel and heating oil. There is a lot of focus on weakness in diesel demand and cracks, but traders and refiners need to account for seasonal fluctuations as they monitor market trends and adjust their strategies. https://lnkd.in/gkAs7dCk
Traders scramble for US storage as distillates demand disappoints
reuters.com
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Petrol price has risen by Rs4.53, and diesel price has increased by Rs8.14! #PetrolPrice #PetrolDieselPrice #PetrolPriceHike
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