Markets tank, appropriately

Neil Crosby

7 April 2025 Time to read: minutes

Commentary summary:

• Spreads, refinery margins hold up remarkably well in the face of flat price rout, for now.

• Aramco OSP cuts were strong, bringing Arab Light APAC more in line with the spot market.

• Sverdrup has just about opened up against spot MEG in Far East, with its FOB price under severe pressure.

Predictions at this point in time are probably of little value, though we can make some broader comments and observations. Flat price and wider equities are appropriately responding to huge news, even if for the oil market the ramifications are still likely come in delayed (if gradually increasing) fashion.

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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Markets tank, appropriately

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