Arbs suggest North Sea crude on shaky ground

Neil Crosby

10 March 2025 Time to read: minutes

Commentary summary:

• Prompt DFL strength partly at play for North Sea’s weak arb position even with a narrow EFS.

• WTI cheap in Europe and the “only” major light crude open East (ex-CPC).

• Sverdrup closed East while LatAm crudes are open into Europe.

• Generally little sign of a glut in crude for now; global TARs should be peaking soon.

Tariff shenanigans and markets’ souring expectations for global (particularly US) growth seem to have left the market somewhat wanting in terms of developing physical trends.

Neil Crosby is an experienced energy market and commodity analyst, specialising in crude oil, oil products, biofuels, and carbon. With roles at OilX and JBC Energy, he has extensive expertise in global oil industry analysis, forecasting tools, bespoke research, and client communication. His focus on refining and petrochemicals underscores his specialisation.

Sparta is a live, market intelligence and forecasting platform that enables oil traders, refiners, banks, hedge funds and wholesalers to have access to real-time and global actionable insights to capture market opportunities before others.

To find out how Sparta can allow you to make smarter trading decisions, faster, contact us for a demonstration at sales@spartacommodites.com

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Arbs suggest North Sea crude on shaky ground

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