Hormuz attacks keep tightening the light ends picture
Hormuz attacks keep tightening the light ends picture.
07 SEP 26 - 13:41
Jorge Molinero (32)
Commodity Owner, Light Ends & Gasoline, Sparta CommoditiesJorge is Sparta's Commodity Owner for gasoline and light ends. He began his career as a financial analyst at BBVA before spending four years as a naphtha analyst at Repsol. His market analysis is cited by Reuters, Bloomberg, and Financial Times.
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Asia pays up and the West responds: naphtha arb reopens
The strength has been translated into Western physical premiums over the next week, with NWE and USGC cash diffs rising.
04 SEP 26 - 12:06
Naphtha E/W recovers hard pointing to a strong 2H Oct arbitrage window
European premiums weaken, also pushing to reopen the arb to Asia.
28 AUG 26 - 11:52
War-peak unwinds as the shuttle trade brings AG barrels back, but the arb to Asia stays wide on rest...
War-peak unwinds as the shuttle trade brings AG barrels back, but the arb to Asia stays wide on restocking.
27 AUG 26 - 15:44
After naphtha physical correction the market is already turning on rising supply concerns
Cash diffs have shed $50/mt in two weeks, yet the E/W, cracks and timespreads are edging higher as Russian and AG supply risk builds.
21 AUG 26 - 11:55
Two markets, opposite directions: flat price sells the Oman talks while Asian premiums print fresh t...
Two Saudi tankers hit in the Red Sea and Brent up nearly $30/bbl on the month. The naphtha supply premium stays intact as the arb to Asia keeps pulling from Europe and Houston.
31 JUL 26 - 09:09
Paper complex blinks on de-escalation but the Asian physical explodes on tighter Asian balance
US and Iran paused attacks after 13 days, seeking an agreement on Hormuz in a bid to jumpstart...
28 JUL 26 - 08:34
