Oil & Gas
Refining margins normalise as Asian capacity ramps up
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Indicative spot prices, intraday trends, and short-form market commentary.
Updated 10:19:41 AM · Source: indicative simulated feed
OPEC+ extends voluntary cuts; demand outlook stable in H2.
Mild weather and elevated US storage continue to weigh on prices.
Safe-haven demand and central bank buying support prices.
Industrial demand from solar PV remains a structural tailwind.
Subdued global demand; Chinese exports keep regional prices capped.
Tightening concentrate market on smelter cuts.
Battery demand softness offsetting tighter supply.
Asian demand resilient ahead of summer cooling season.