Podcast: Crude reality
26 June 2025
Time to read: minutes
Strap in. Episode 46 of Sparta Market Outlook is a no-holds-barred debrief on a week that saw oil prices plunge, freight markets convulse, and geopolitics dance on a knife-edge. As the dust settles post-Iran flare-up, our analysts unpack the uneasy calm — and the market’s surprising complacency.
Rachel, Phil, James, and Neil dissect:
Rachel, Phil, James, and Neil dissect:
- Why crude is down $10 even as Middle East tensions simmer
- The freight market’s wild behaviour, especially TC14’s stubborn spike
- A U.S. market so tight it should be ringing alarm bells
- Whether Europe’s distillate strength is a mirage or a still a prelude to a squeeze
- And the million-barrel question: can WTI stay this cheap abroad?
From Chinese diesel exports to Gulf Coast refinery cracks, this is your barrel-by-barrel breakdown of a market in flux — with no shortage of hot takes, sharp edges, and tinfoil hats.
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