Nevyn covers Asian refined products market analysis. After graduating from the National University of Singapore with a chemical engineering degree, he worked at ExxonMobil for 5 years where he held several roles including process engineering, business analysis and crude optimisation. Most recently, he was a senior analyst at Phillips 66 where he spent 4 years covering Asia and Middle East crude oil markets as well as crude optimisation for Melaka refinery.
Though cold weather on the US East Coast and a slower-than-expected return from works for Exxon’s Rotterdam refinery has exacerbated short-term tightness in Atlantic basin diesel markets, they are due for a pause. December is a slow demand period, and arb flows from the US and Asia to Europe are..
There is simply too much gasoline today and all signs point to this situation getting worse before it gets better. Refining margins are positive in every market thanks to strong diesel prices and soft light crude values which keep discounting to secure a place in refinery slates. Gasoline product..