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Read the latest trading news, views and insights from Sparta’s team of experts.

27 November 2024

Gasoline markets take a bullish turn as we head towards the holidays

19 November 2024

Rising Gas-Nap strengthens EU blending economics

12 November 2024

Tightening arbitrage options and wider balances challenge EBOB outlook

5 November 2024

Europe’s gasoline exports outlook improves with new arbitrage opportunities

29 October 2024

RBOB complex holds firm while European and Asian market collapse

22 October 2024

European gasoline under pressure as USGC export position strengthens

15 October 2024

The bullish outlook shifts across the Atlantic

8 October 2024

Geopolitical premium fuels gasoline flat prices, while arbitrage outlook threatens RBOB complex

1 October 2024

European gasoline rebounds, but Q4 outlook does not point to further increases

24 September 2024

Singapore shielded from further downside for now as EBOB rebound hits a ceiling

17 September 2024

From European peak to US and Singapore opportunities

10 September 2024

European market finds a floor: Will it last?

3 September 2024

From decline to opportunity: European gasoline markets could find support from declining US inventories and increased East of Suez competitiveness

27 August 2024

Markets tumble with Europe leading the way but first signs of a floor already in place

20 August 2024

Market correction intensifies after summer driving season, pressuring gasoline timespreads, cracks and gas-nap towards historical norms

13 August 2024

Europe regains competitiveness amid freight adjustments, but Eastern competitiveness into the West keep timespreads and cracks under pressure

6 August 2024

Gasoline markets pinning hopes on late-summer disruptions, but Atlantic Basin in particular facing significant headwinds

30 July 2024

Rising blending costs in USGC reshape TA arb outlook and arbitrage opportunities to LATAM, while Asian market competitiveness points to further tightening E/W

25 July 2024

Despite robust demand, the current dynamics of the physical market and the correction in Asia point to the end of the upward trend in Europe

23 July 2024

Arb opportunities from the East push E/W higher, while Western options remain limited, and balances suggest further drops

16 July 2024

Options for RBOB arbitrage have completely disappeared, while a European market with few export alternatives on the horizon points downwards

9 July 2024

TA arb and freight mirror the outlook for EU arbitrage, while new opportunities arise for Houston and AG exports

2 July 2024

The upward trend continues its course, the outlook for RBOB arbitrage improves and new destinations open up on the European horizon

25 June 2024

Rising TA arb signals potential upside as US prepares for summer demand peak, while Europe sees new supportive options in the horizon

18 June 2024

Still open for business: Softer reformate, naphtha keeps Europe-US gasoline arb marginally profitable; Sing blend components could get lifted by Pakistan demand

11 June 2024

Driving season kickoff? TA improvement and RBOB margin from Europe gain momentum

4 June 2024

European arbitrage points towards Canada, Mexico and South America for July, due to the improvement of the TA arb and the increase in freight from USGC.

28 May 2024

Cheaper European components stimulate T/A arb outlook for summer, while AG barrels continue to lose competitiveness in foreign markets

22 May 2024

WAF remains one of few outlets for Europe, while competitive EoS market and poor E10 blend margins suggest further weakness for ARA

14 May 2024

Collapsing component premiums in the AG raising threat of further pressure on Atlantic Basin markets

6 May 2024

RBOB complex reacting quicker than EBOB to bearish signals, but pressure building on European pricing to move significantly lower soon as East struggles with high freight rates

30 April 2024

Quality vs quantity to remain the main price driver into the summer months, with some short-term downside still on the cards for Atlantic Basin gasoline

23 April 2024

EBOB’s unexpected uptick looks to have run its course as demand pressures mount, but TA can re-open sporadically as EBOB finds its way lower

16 April 2024

Gas-nap blowout sees TA Arb spread narrowing to close prompt RBOB movements

9 April 2024

Prompt RBOB arb open and E10 blending opportunities providing outlet for ARA blenders otherwise under continued pressure from US and EoS into typical outlets

2 April 2024

T/A, E/W stubbornly narrow; Asian gasoline to come under pressure from softer aromatics, persistently strong AG exports; further RBOB upside needed to lure ARA into NYH

26 March 2024

TA Arb still has some widening to go with US exports running unsustainably high and Europe still highly incentivised to produce max gasoline

19 March 2024

European component pricing opening E10 blend margin in first step towards wider Q2 TA Arb, with plenty of support across the Atlantic to strengthen the RBOB complex

12 March 2024

April E/W gasoline to bottom out as Asian gasoil/gasoline short emerges; Q2 TA to widen as EBOB nears ceiling, RBOB bulls eye summer demand

8 March 2024

Trading Energy Futures: Correlation Analysis Between RBOB ARA/NYH Transatlantic Arbs and RBOB Futures Time Spread

5 March 2024

Returning AG gasoline supply challenging Singapore’s competitiveness; lacklustre US demand remains main risk to narrow T/A arb

27 February 2024

Europe strong but room to the upside limited as supply should begin to ramp up

20 February 2024

Asia softens as EBOB spreads poised to rip higher in the coming weeks

13 February 2024

Spring pricing is arriving early as last year’s quality issues look set to repeat

6 February 2024

Prompt RBOB arb nearly open but Q2 has further to go with Europe starting to look cheap

30 January 2024

Tightness might be difficult to sustain in the short-run but Q2 shaping up strong

23 January 2024

EBOB rally still has legs in the short term

16 January 2024

PADD-3 needs to price to export once more if it avoids another freeze-off, with European competition strong into the East as Atlantic Basin pricing points to soft demand

9 January 2024

Narrowing gas-nap shuts TA arb, but US complex should pick up as we move through Q1

3 January 2024

Little change into the New Year but supply constraints and robust demand should keep market well supported

19 December 2023

Red Sea impact remains minimal so far, with US length still dominating

12 December 2023

US PADD-3 pricing gets desperate as Houston prices into the world

5 December 2023

USGC keeps pricing to export but an RBOB rebound remains on the cards

28 November 2023

Market lacking direction as regional disparities level out and hints of AG tightness emerge

21 November 2023

USGC pushing barrels out of the region offering opportunities to snap up winter bargains

14 November 2023

EBOB rally still has legs in the short term

7 November 2023

ARA barrels looking increasingly for outlet to the East, as EoS market strengthens despite maintenance coming to a close

31 October 2023

EBOB hangs on but plummeting Houston market is a red flag

24 October 2023

Gasoline’s rebound has run its course amid challenging winter fundamentals

17 October 2023

Gasoline market settles into a Q4 rhythm despite ongoing AG disruption

10 October 2023

Gasoline cracks and spreads settling in for a more realistic winter following an explosive summer

3 October 2023

EBOB retreat was overdue, but now looks overdone

26 September 2023

European physical market moves higher despite sliding cracks, spreads as market signals prompt strength and weaker winter expectations

20 September 2023

Supply constraints in US and AG helping strengthen ARA market

12 September 2023

Resurgent European screen belies easing physical market

5 September 2023

Atlantic Basin support eroding as focus shifts to EoS in Q4

29 August 2023

European tightness continues to drive market, exposing PADD-1 into Q4 and providing support to the East of Suez market

22 August 2023

European strength continues to dominate, offering winter strength to Asian markets

17 August 2023

European strength filtering down the curve as winter brings only slight respite

8 August 2023

Is this the end of the summer bull party?

31 July 2023

Physical market remains tight globally as high octane component premiums reach new heights

24 July 2023

Octane crunch continues in ARA as gasoline premium over naphtha reaches record levels

17 July 2023

Summer crunch building steadily

10 July 2023

Europe softens as US remains supported and naphtha begins to show potential for recovery

3 July 2023

PADD-1 tightness bolsters Atlantic mogas market, AG barrels looking to take advantage

26 June 2023

Is this another buy the dip moment?

20 June 2023

Strong gasoline or weak naphtha?

12 June 2023

Prompt TA arb re-opens on wider gas-nap whilst AG discounts return to challenge Atlantic Basin destinations

5 June 2023

Ceiling reached as weak naphtha provides anchor to gasoline complex

30 May 2023

Widening gas-nap spreads opening up blend opportunities in Houston

23 May 2023

Summer gasoline bullish momentum doesn’t want to pause

15 May 2023

Positive blend margins and soft pull on European export barrels put ceiling on gasoline complex

8 May 2023

Softening blendstock premiums keeping Houston exports attractive, compensating for softer US demand

4 May 2023

ARA barrels remain both sought after and affordable

25 April 2023

Blending off the menu as ARA appreciates

18 April 2023

TA arb dynamics pointing to potential blend opportunities in ARA

4 April 2023

Negative blend margins causing continued backwardation… but for how long?

27 March 2023

Short and mid-term consequences of the French strike

21 March 2023

Bearish macro… bullish fundamentals

13 March 2023

Market looking for the next move

6 March 2023

Prompt European strength continues but gas-nap remains wide

27 February 2023

Europe: Bullish signals of an explosive March

20 February 2023

Gasoline market at the crossroads

7 February 2023

Market coming off hard, but European Mogas comparatively well-supported

30 January 2023

Bullish overtones continue as gasoline market looks to spring

24 January 2023

No one wants to be short

9 January 2023

Mixed feelings from Europe

3 January 2023

Year-end European rally… can it be sustained?

20 December 2022

Everything seems conveniently priced for Christmas

13 December 2022

West continues to be under pressure but East firming up

5 December 2022

USGC: The cheapest source of supply worldwide

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