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> divergence in price analysis coming out of banks vs the what people in the oil industry are saying Source for a consensus from oil? The crack spread shows re
by JumpCrisscross 8mo ago
> divergence in price analysis coming out of banks vs the what people in the oil industry are saying
Source for a consensus from oil? The crack spread shows refiners pricing in higher prices [1].
If the domestic refiners and producers can’t agree, why is the homogenous opinion of the banks a conspiracy?
[1] https://rbnenergy.com/market-data/3-2-1-crack-spread https://rbnenergy.com/market-data/3-2-1-crack-spread
- selectodude 8mo agoThe source is personal knowledge through friends in O&G. SE Asia is going to run out of oil by the end of April. Even if the war ended tomorrow and the strait opened up again, they will continue to be out of oil for months. US is insulated from practical supply concerns but we’re gonna be paying the price.