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Episode 118: Midterms shake the war premium. Where do flows go?
Felipe Elink Schuurman, Abhishek Kumar and Nikolas Plonski discuss how the midterms are affecting the Iran war premium. They cover Hormuz flows, AG crude and WTI arbs, Singapore gasoline, Russian refinery attacks, and diesel East-West spreads.
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Chapters:
(01:16) Midterms and the war premium: Midterm results push Trump toward de-escalation as crude falls from 114 to around 93.
(09:12) AG crude and WTI: AG crude weakens as freight collapses, and WTI loses its edge into Europe.
(19:14) Gasoline and light ends: Singapore 92 holds its value as Gulf Coast NAPTA undercuts rivals into…
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