Research Articles · Updated 2026-11-01

Market Flash2026-11-01

Brent Crude Surges 2.44% to $113.50/bbl

Brent crude closed at $113.50/bbl, up 2.44%—its largest single-day gain in three weeks; importers face higher landed costs amid sustained Middle East risk premium.

Market Flash2026-11-01

BR Rubber Up 1.15% to ¥17,155/t

Butadiene rubber futures gained 1.15% to ¥17,155/t—third consecutive daily gain—on improving export orders and natural rubber price spillover, narrowing procurement windows.

Market Flash2026-11-01

Bitumen Futures Rise 1.92% to ¥5,304/t

Domestic bitumen futures rose 1.92% to ¥5,304/t—the highest since October—supported by peak road-construction demand and tightening refinery output.

Industry Insight2026-10-31

Indo-Malay Biodiesel Displaces Diesel Demand, Import Gap Widens to 585 kb/d

Indonesia + Malaysia imported 737 kb/d crude in Aug 2026 but processed 953 kb/d — a 114 kb/d gap reflecting diesel displacement by biodiesel mandates. With Singapore not reporting refinery intake, regional diesel import rigidity is weaker than headline totals. Diesel procurement window tightening; traders must price for accelerating B5/B10 policy-driven substitution.

Global Markets2026-10-31

Japan Kerosene Stocks at 20,523 kbbl; LNG-Kero Spread Inversion Triggers Power Switch

Japan’s kerosene stocks stand at 20,523 kbbl (Aug 2026), the highest in NE Asia; concurrent LNG import price premium over kerosene has narrowed to historic lows, activating kerosene-fired power generation as cold snap looms. Brent up 2.44% to $113.50, yet JPY depreciation offsets cost pressure — landed kerosene cost rose only 0.7%.

Global Markets2026-10-31

Euro Diesel Stocks Strained: DE-NL-ES Hold 130.8M bbl

DE-NL-ES diesel stocks total 130,754 kbbl — 86% of reported Euro diesel inventory — but no MoM data available. Brent up 2.44% to $113.50; EUR/USD down 0.13% to 1.1158, lifting import cost. Diesel restocking lags gasoline & jet fuel — demand resilience unconfirmed.

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