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Episode 116: Iran hits more tankers but crude still flows. China and freight swing refining margins
Jorge Molinero hosts June Goh and Michael Ryan as Iran’s tanker attacks escalate ahead of US elections. They cover Basra discounts, Aramco term talks, China’s product export quotas, and whether the TD3C sell-off is overdone.
Chapters:
(01:52) Hormuz, sanctions and US politics: Iran’s attacks are rising and changing shape, and Washington may hold off until November 3.
(11:23) Crude: Aramco term talks and Gulf discounts: Stalled term talks and steep spot discounts show the Gulf barrel is moving at a cost.
(16:25) Refining margins and China export quotas: Asian margins flipped positive on weaker…
The skinny
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