European Oil and Gas Monthly: October 2022
Oil prices rose slightly in October, to USD 93.6/bbl, on reduced OPEC quotas, with the small movement indicative of the balancing worries about demand. Refining margins jumped again after three months of declines, with the WOOD benchmark reaching USD 22.1/bbl, the second highest this year. Diesel remains extremely expensive, with a crack of USD 49.9/bbl, but the improvement was due primarily to petrol. Petrochemicals margins remain weak, but there was no clear trend across product groups and some products saw rising prices and/or rising margins. This suggests that the worst may be over. Propylene margins were back in positive territory.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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