Zortix matched this thesis to China ETFs as one way for retail investors to get exposure. Not a recommendation.
Long crack spreads on tight products market
The guest argued for being long crack spreads, as the global refining complex is tight due to supply disruptions from the Persian Gulf, Russia, and China.
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The Callback
Refined petroleum product shortfalls driver of energy supply shock
25 weeks between these two statements.
The case made was that diesel and jet fuel are the most impacted refined products from the conflict, due to the Middle East's role as a major diesel-producing region and Europe's dependency on its jet fuel supply.
The guest argued for being long crack spreads, as the global refining complex is tight due to supply disruptions from the Persian Gulf, Russia, and China.