All hat, no cattle

Published at 09:52 8 Mar 2019 by . Last edited 15:36 11 Mar 2019.

Gasoline bulls have seized on turnarounds and traditional seasonal signals to bid up the market over the last few weeks, but the rally is flying in the face of serious structural problems in global light ends markets. Gasoline demand growth is sluggish in major markets and supply growth is largely u…

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