ResearchIndustry Insights2026-10-31
Flare Reduction Pressure Rises, NGL Recovery Spread Widens to $10.59/bbl
Brent−WTI spread widens to $10.59/bbl — highest in 3 months; JODI shows US, Saudi, and India crude imports total 12,172 kb/d, yet associated gas processing infrastructure lags. Fuel oil price flat (−0.02%), signaling eased pressure on heavy gas conversion; asphalt +1.92% reflects downstream infrastructure demand spilling into heavy oil chain.