Weekly Energy Update

 Australian Fuel Gate Prices

Of note: the Fair Work Commission has a proposal before it to extend the diesel cost pass-through for truckies. 

Singapore Refined Product

The annotated "backwardation to contango" line for Mogas 92 near 2029 marks where prices flatten, but the curve never inverts into a true upward slope. Contango requires later months to trade above nearer ones.

Fattening cracks in late May suggest that refined products are likely to be in shortage even after a resolution to the Iran War.

Crude

Gas