Are arbs East closed still?

Neil Crosby

20 October 2025 Time to read: minutes

Commentary summary:

• North Sea increasingly feeling the pressure from closed arbs and ample supply.

• M-o-m declines in spot AG sustained through the start of the Asian cycle.

• Forties, Midland basket valuations in NWE being tested by cheap WAF.

• Basket valuations actually suggest the arb East is more open than at first glance on landed values.

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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Are arbs East closed still?

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