Podcast: Russian threats squeeze oil markets and push product prices higher

In this week’s episode, Neil steps in as host as the team unpacks a chaotic stretch in the oil market—from Russian export disruptions and the uncertain trajectory of US sanctions to a diesel market that has gone ballistic on genuine physical tightness. They explore shifts across crude grades, including North Sea softness, WAF heaviness, and surprising crude compatibility issues triggered by the Al-Zour outage. Light-ends remain volatile, gasoline premiums surge despite weak arb signals, and NGLs pile up in the US, painting a complex picture of a market where fundamentals and fear are colliding in unexpected ways.

Key Takeaways:

• Why the market is suddenly terrified about Russian product supply
• The diesel spread that has traders calling it “ballistic”
• How a refinery outage in Kuwait is quietly reshaping global crude flows
• The surprising crude blends refiners can’t mix without blowing things up
• A gasoline market behaving in ways it absolutely shouldn’t on paper
• What the first long-term US–India LPG deal really signals