Global economic fragmentation and prices (ECB)
Tin prices surge after Myanmar warning (Reuters)
Asia’s oil refining margins are shrinking (Reuters)
California gas connections ban overruled (Reuters)
Russia’s plan for more oil storage (Reuters)
Russia fuel increasingly traded in Gulf (WSJ)
Russia oil sanctions evasion warning (OFAC)
European airlines report strong demand (FT)
U.S. directed-energy weapons systems (GAO)
Gas market quarterly outlook (Oxford Institute)
SINGAPORE’s middle distillate inventories have accumulated since hitting a cyclical low in late November and early December. Stocks are still -2.2 million barrels (-20% or -1.28 standard deviations) below the prior ten-year seasonal average but the deficit has narrowed from -3.1 million barrels (-31% or -1.35 standard deviations) on December 18:
JKempEnergy.com 