quote: ➡️ Russia's crude and refined product output is simply too large to isolate from world markets. This is especially true when the Strait of Hormuz is closed. ➡️ The correlation isn't perfect, but Russian refining outages have definitely contributed to record-high crack spreads. 👇 #oott | Refining crunch keeps fuel prices high as crude retreats Lost capacity in Russia and the Gulf is a boon to US refiners but a political problem for Donald Trump #oott https://www.ft.com/content/e7585052-7fd6-419a-9c6e-3c6984da0f3d?syn-25a6b1a6=1

quote: ➡️ Russia's crude and refined product output is simply too large to isolate from world markets. This is especially true when the Strait of Hormuz is closed. ➡️ The correlation isn't perfect, but Russian refining outages have definitely contributed to record-high crack spreads. 👇 #oott | Refining crunch keeps fuel prices high as crude retreats Lost capacity in Russia and the Gulf is a boon to US refiners but a political problem for Donald Trump #oott https://www.ft.com/content/e7585052-7fd6-419a-9c6e-3c6984da0f3d?syn-25a6b1a6=1

Source:https://x.com/staunovo/status/2085602920276390388