Podcast: Tariffs, outages & refinery chaos: What’s tightening global crude?

This week’s Sparta Market Outlook Podcast dives into a mix of global oil market developments, unpacking supply disruptions in Kurdistan and Columbia, shifting geopolitical sentiments around Trump’s policies and Russian oil tariffs, and China’s record-high refinery runs amidst low product inventories. The team analyzes the impact on market sentiment, spreads, and cracks, while addressing refinery hiccups like Dangote’s RFCC turnaround and fuel oil dynamics. With a focus on distillate and gasoline markets, they explore arbitrage opportunities and trade ideas, offering actionable insights for traders navigating a volatile landscape.

Key Takeaways:

• What’s behind the latest crude supply outages in Kurdistan and Columbia, and how are they tightening the market?
• How is Trump’s shifting stance on Russian oil tariffs reshaping global crude flows?
• Why are China’s high refinery runs not easing Western product tightness?
• What’s causing the confusion around Dangote’s refinery turnarounds, and how might it impact gasoline markets?
• Could a resid shortage in the West spark a recovery in high-sulfur fuel oil?