12th September 2024: Crude realities: Navigating bearish trends, refinery shifts, and market volatility

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Oil prices have dropped below $70—what’s behind this bearish market? This week’s Sparta Market Outlook unpacks the volatility, from nervous traders reacting to minor news to the growing impact of new refineries threatening to flood the market with supply. Discover how electric vehicles in China are reshaping gasoline demand, why diesel continues to struggle, and what OPEC’s delayed actions really mean for the future. Plus, get insights into potential refinery closures in Europe, hidden opportunities in petrochemical markets, and a preview of next week’s deep dive into freight market strategies.

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