Raul Rivera is an oil products analyst at Energy Aspects focusing on the Americas. Raul started his career as a Quantitative Research Analyst at State Street Global Advisors, constructing investment models covering US Equity and fixed-income markets. He then spent five years at Koch Supply and Trading as a Senior Market Analyst, integrating fundamental and quantitative models for the physical global distillate and fuel oil trading desks. Most recently, he was a strategist at the weather-driven hedge fund Cumulus, where he spent two years building statistical arbitrage models for crude oil and products. Raul graduated from the University of Texas at Austin with a BS in Microbiology, and holds MA degrees in Economics and Mathematical Finance from University of Houston and Boston University respectively.
The carnage in gasoline markets over the last week offers a grim preview of what the end of Q4 18 will look like if refiners continue to run flat out. The fact that a major accident at Irving’s 0.31 mb/d St. John refinery, a key supplier to PADD 1, did nothing to alter the trajectory for cracks s..
Extract from crude oil:US crude stocks built counter-seasonally by 6.0 mb w/w to 410 mb. This marks three weeks of builds, totalling 15.8 mb, as refinery maintenance picks up. The build was mostly focussed in PADD 2, where inventories rose by 4.3 mb w/w to 114 mb amid record refinery works, with..
The sudden rally in crude prices over the last few weeks has given LPG buyers pause as the heating season has not yet arrived in full force. Barring a major economic slowdown, petrochemical demand will remain robust into the New Year, giving fresh impetus to prices, particularly with US infrastru..
Extract from crude oil:US crude stocks built counter-seasonally by a massive 8.0 mb w/w to 404 mb. Builds of this magnitude have not been seen since March 2017, when export arbs were shut. The increase in stocks was mostly focussed in PADD 3, where inventories rose by 6.6 mb w/w to 214 mb, driven..