Actionable insights to help you trade with conviction

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

6 November 2025

Products tight, crude so-so

6 November 2025

AG CPP Report: LR1s soften & MRs hold steady

6 November 2025

European physical strength and higher freight reshape global arbitrage

5 November 2025

EU and US diesel (and jet) appears bullish at least in the short term, whilst a bearish argument can be more easily constructed for Asian middle distillates

4 November 2025

Mogas feels balanced as supply returns but demand holds steady

3 November 2025

Risk merry-go-round continues

30 October 2025

Sanctions, shutdowns and economic revival fuel strong naphtha recovery

30 October 2025

Sanctions shock gives way to nuance

30 October 2025

Global diesel and jet still appear bullish, with ongoing strength in East Asia seeping West

28 October 2025

Market pricing critical levels as underlying support beginning to fade

28 October 2025

A quick primer on Al Zour and its impact

28 October 2025

CPP Atlantic MR market report: USGC market turns bearish

27 October 2025

From glut to tightness: US sanctions on Rosneft and Lukoil create (temporary) havoc

24 October 2025

Sing 0.5 Dec/Jan is a low risk buy at these levels

23 October 2025

Strong recovery in naphtha markets amid fresh U.S. sanctions on Russia

22 October 2025

Arbs remain closed for diesel and jet into Europe, the current bullish trend looks set to continue for both

22 October 2025

CPP Atlantic MR market report: UGSC MRs stabilizing, TC2 overvalued

22 October 2025

USGC DPP Market Report: TD25 overvalued and TD22 supported

21 October 2025

Mogas drifting lower as eyes turn to returning supply

20 October 2025

Are arbs East closed still?

16 October 2025

Weak petchem demand and low pro-naps sends European naphtha to contango

16 October 2025

Time for some (mild) risk-on

15 October 2025

Closed arbs persist even as EU molecule ban looms

15 October 2025

CPP Atlantic MR market report: USGC MRs firming & NWE MR market balanced

14 October 2025

USGC DPP Market Report: TD25 steadies and TD22 extends rally

14 October 2025

EBOB not yet bearish short-term

13 October 2025

Crude contends with a growing WoS glut

10 October 2025

Eastern CPP Report: Likely bottom in rates forming

9 October 2025

AG CPP Report: Freight remains under pressure

9 October 2025

Roadblocks on the path to oversupply

9 October 2025

Naphtha market softens as E/W correction tests arbitrage to Asia

8 October 2025

With Sing diesel and jet exhibiting such strength, it’s hard to not see how this transfers to Western distillate in the short term

7 October 2025

Atlantic Basin better balanced after EBOB selloff on Dangote return rumours

7 October 2025

Can the old star shine again in a snooze of a season?

6 October 2025

Cheap WTI into Europe spells more trouble for Brent

2 October 2025

Petrochemical drag harms European demand, but arbitrage offers some support

1 October 2025

Arbs close into Europe adding to a bullish correction for EU diesel and jet, whilst Sing should receive more diesel

30 September 2025

Dangote disruptions push EBOB cracks to historic Q4 highs

30 September 2025

USGC DPP Market Report: Afra and VLCC rates are overvalued

29 September 2025

Paper strength still at odds with physical

25 September 2025

CPP AG/WCI market report: Pressure on rates builds

25 September 2025

European softness vs Asian resilience: will naphtha find its floor?

25 September 2025

Oil again pulled by opposing forces

24 September 2025

CPP Atlantic MR market report: Bearish October vessel demand transition

24 September 2025

Arbs pointing to Europe indicate a more bearish end to October though ongoing Russian refinery attacks moderate that view

23 September 2025

Sing market selloff potential early-warning sign for Atlantic Basin

23 September 2025

Wide 5GO and MED ECA kept MED 0.5 afloat

22 September 2025

Dirty Freight Market Report: Bullish themes set to continue

22 September 2025

Dubai strength fading puts WoS lights at further risk

19 September 2025

Are freight spikes a harbinger of weaker crude?

18 September 2025

Clean freight EoS market report: Neutral outlook across the board

18 September 2025

Nap NWE takes a step lower as weaker physical market fails to justify tighter paper

17 September 2025

CPP Atlantic MR market report: Rangebound in the USGC and NWE

17 September 2025

The HOGO really looks like a buy, could global jet be finding its floor?

16 September 2025

Ceiling found but short-term bear case difficult to make

16 September 2025

Dirty Freight Market Report: Bullish global crude freight

15 September 2025

Will Sing 0.5 be saved?

15 September 2025

WTI problem worsens, with caveats

11 September 2025

APPEC closes with a bullish tone in naphtha markets

11 September 2025

Physical oil a mix of slightly loose and rather tight

10 September 2025

Clean freight EoS market report: AG LR1 demand outlook improves

10 September 2025

European resupply boosted short-term but risks shortfall if E/W gains further

9 September 2025

Freight turnarounds shift focus to RBOB

9 September 2025

CPP Atlantic MR market report: USGC strength ahead, NWE October weakness

9 September 2025

Dirty freight market report: TD3c strength weakens Arab Light valuation into FE

8 September 2025

OPEC slows supply hikes

3 September 2025

Dirty freight market report: Continued strength expected in TD3c

29 August 2025

Heading to turnarounds without a proper product glut, but crude is questionable

28 August 2025

Clean freight EoS market report: Spot supported; value in TC5 & TC17

28 August 2025

Naphtha market braces for stronger Q4

27 August 2025

Limited end-Q3 upside case for ICE GO slowly building

26 August 2025

Dirty freight market report: Spot & Q4 TD3c remains undervalued

26 August 2025

Strong August faltering as fundamentals start to catch up

26 August 2025

CPP Atlantic MR market report: Spot supported, forward curves overvalued

25 August 2025

Crude poised for headline risk this week again

21 August 2025

Clean freight EoS market report: Spot steady, forward curves overvalued

21 August 2025

Naphtha cracks soar while Asia emerges as the key outlet amid tightening naphtha supply

20 August 2025

Sept bullish, Q4 bearish from here

19 August 2025

RBOB strengthening, and has room to the upside

19 August 2025

Dirty freight market report: Afra & VLCC spot upside vs weak WAF suezmax outlook

18 August 2025

Marginal barrel blues

14 August 2025

Temporary support to fade but Arbs East provide a floor

14 August 2025

Clean freight WoS market report: Fair value now, bullish set-up ahead

14 August 2025

The H2 bear market revisited – we might be there already ex-geopolitics

13 August 2025

Disty seems relaxed while one-off supply risks mount

13 August 2025

Clean freight EoS market report: LR1s face headwinds, MRs poised for gains

12 August 2025

East tightening, RBOB softens despite closed arbs

12 August 2025

Dirty freight market report: TD25 overvalued while TD3c is poised to strengthen

11 August 2025

Headline risk mounts

8 August 2025

India shift showing signs of starting, but spreads are remarkably relaxed

7 August 2025

Off the bottom with more support to come

7 August 2025

Clean freight WoS market report: USGC rally overdone, NWE stuck in a tight band

6 August 2025

Spreads sink down past 2025 norms

5 August 2025

TC14 vs TC2 flips the Atlantic Basin picture

5 August 2025

Dirty freight market report: TD25 overvalued while TD3c is poised to strengthen

4 August 2025

Many moving parts, lots of uncertainty

31 July 2025

Can the current rally last? European naphtha timespreads surge to yearly highs

31 July 2025

Tariff bull threat meets signs of a weakening physical market

30 July 2025

The SHORT TERM diesel outlook becomes more bearish, as jet starts to find a floor!

29 July 2025

Clean freight market report: LATAM arbs support USGC; NWE & AG margins weaken

29 July 2025

Floor found for now but outlook remains subdued

29 July 2025

Dirty freight market report: Global VLCC rates are under continued pressure

28 July 2025

WTI arbs are very open

24 July 2025

Eastern resid plunge at odds with a notable relative strengthening in Dubai market

24 July 2025

Rebound in sight? European market shakes up naphtha flows, and paper could follow

23 July 2025

Clean freight market report: TC2 strength is over done

23 July 2025

Some short bearishness in Western distillates in the short term, but with stocks low and jet yields high, diesel cracks will not fall far

22 July 2025

Clean freight market report: More USGC MR weakness to come

21 July 2025

Crude spreads take a breather, ready for next market phase

17 July 2025

The H2 bear market – where do we stand?

17 July 2025

From paper weakness to physical recovery, but how supported is the market now?

16 July 2025

Somewhat bullish case for diesel in the short term, despite stellar global refining runs

15 July 2025

Aug TA Arb looks like a buy opportunity, Sg92 remains under pressure

14 July 2025

The inventory mirage: WTI’s global discount spells a USGC drain ahead

10 July 2025

Support returns to European naphtha market – but is it sustainable?

9 July 2025

Diesel strengthens greatly into ICE GO’s expiry, but with so many open arbs, surely a ceiling will be hit after that!

8 July 2025

Chinese supply and normalising freight weighing on Eastern markets

8 July 2025

Dirty freight market report: Back to neutral RBI valuations across regions and vessel classes

7 July 2025

Here comes the calvary

3 July 2025

Eastbound arbitrage fuels naphtha resilience despite post-ceasefire weakness

2 July 2025

Global diesel’s bullish run seems set to continue for at least the short term

2 July 2025

Clean freight market report: All USGC arbs are slammed shut

1 July 2025

Dirty freight market report: USGC crude freight is undervalued while WAF Suezmaxes look expensive vs the competition

1 July 2025

TC14 strength continues to distort Atlantic Basin gasoline picture

27 June 2025

Short-term pain before high sulphur shines again?

25 June 2025

Dirty freight market report: Back to fundamentals as the dust settles

25 June 2025

Can somewhat increased diesel arbs into Europe and strong refining runs overcome the continuing Middle East tensions?

24 June 2025

ARA opportunities East providing support amidst a tight AG market

23 June 2025

Middle East on the brink

19 June 2025

Iran-Israel tensions drive widening E/W spreads

18 June 2025

European distillates price for Iran disruption… sort of

18 June 2025

Wet freight market report: Israel and Iran war

17 June 2025

Conflict in Middle East fuels east-west divergence in gasoline

16 June 2025

Middle East tensions ratchet up arb imbalances

12 June 2025

Naphtha arbitrage to Asia shuts down from Europe, are E/W summer contracts due for a correction?

11 June 2025

E/W spread drives global gasoline flows amid East strength

11 June 2025

Arb signals into Europe still not consistently bearish

11 June 2025

Clean freight market report: AG & WCI MR rates have bottomed

11 June 2025

Dirty freight market report: Near-term TD3c outlook remains weak

9 June 2025

But with physical diffs strong, margins are becoming a risk needing watching

5 June 2025

The East calls, Europe answers, European cargoes finally point to Asia for July

4 June 2025

June ICE GO should expire strongly, after which we have a bearish view on global middle distillate, but admittedly the continuingly low US diesel stocks picture gives us pause for thought

3 June 2025

Dirty freight market report: AG VLCC tonnage is long and the TD3c RBI remains overvalued

3 June 2025

Short-term bullish news may help kickstart summer, but ceiling remains lower than recent years

2 June 2025

Crude spreads rocketing higher with potentially more to come

30 May 2025

Bleak short-term picture for low sulphur in Singapore

30 May 2025

East of Suez arbitrage strengthens as July window opens

28 May 2025

A strong argument to be long June ICE GO, but the weakness in both HO and Singapore diesel indicates the medium-term direction

28 May 2025

Widening E/W spread reshuffles global gasoline flows

26 May 2025

Brent rally pushes EFS past $2/b

22 May 2025

Bearish sentiment persists in naphtha, but signs of arbitrage support emerge

21 May 2025

Short term strength probable in the West but weakness in the East likely to show the direction for global middle distillates in the medium term

21 May 2025

Dirty freight market report: Likely bottom forming in TD25 rates

21 May 2025

Are the bears finally coming out for Sing 0.5?

20 May 2025

Dangote return puts another roadblock in the way of EBOB reaching summer strength

19 May 2025

Fundamentals still constructive for late Q2

15 May 2025

LPG bounces back as market digests new US-China trade terms

15 May 2025

Dirty freight market report: Spot TD20 and TD3c rates have more room to fall

14 May 2025

June/short term should be a positive month for ICE GO and HO whilst the increased flows into Asia should cap Singapore middle distillate derivatives

13 May 2025

Dangote return puts another roadblock in the way of EBOB reaching summer strength

12 May 2025

Physical crude on the cusp of a bullish run higher

8 May 2025

Naphtha paper market ease but fundamentals still point to short-term strength

8 May 2025

Dirty freight market report: Spot TD25 & TD20 move lower bringing valuations back to earth

7 May 2025

Eastern opportunities rise and Sing 92 complex points to strengthen amid favourable arbitrage conditions

7 May 2025

AG/WCI diesel pointing to Eastern strength may offer some support, but the overall trend for global distillate remains bearish

5 May 2025

OPEC+ open the taps again, but prompt crude contango might have to wait a little

1 May 2025

Naphtha rally extends, cracks and timespreads hit new 2025 highs

30 April 2025

Not yet time to go short on macro as prompt physical remains buoyant

29 April 2025

Gas-nap extends further but bullish impetus for EBOB more difficult to find

28 April 2025

Downturn in physical crude just as TARs end?

25 April 2025

Dirty freight market report: TD20 at most overvalued level in last twelve months

24 April 2025

Naphtha prompt timespreads hit YTD highs despite flat price weakness

23 April 2025

Diesel spreads and cracks largely flat as US and EU runs increase and demand concerns intensify

22 April 2025

Paper improving slowly, physical still yet to follow

21 April 2025

Signs of normalization

17 April 2025

Is the bottom in for Euro Hi5 or will the falling knife keep falling (and cutting)?

16 April 2025

The strength in East Asian middle distillates is notable but ICE GO and HO should weaken from here

15 April 2025

Green shoots of recovery in mogas pricing

14 April 2025

The Fog of (Trade) War

10 April 2025

Dirty freight market report: TD25, TD20 & TD3c RBI and market analysis

10 April 2025

Light ends suffer as trade war escalates and the arbitrage opportunities disappear

9 April 2025

The moderate rally of the past week in the middle distillate complex is set to continue but the improvement in refining margins and ongoing tariff effects are an important moderating factor

7 April 2025

Markets tank, appropriately

3 April 2025

DPP market report: Sparta RBI launch (Relative Basket Index)

2 April 2025

The outlook remains neutral to bullish but the end of European turnarounds is approaching

1 April 2025

Uncertainty reigns as market hesitant to follow increasingly bullish signals

31 March 2025

Brent bullishness still at odds with fundamentals

27 March 2025

Will naphtha timespreads and cracks find a floor after recent weakness?

26 March 2025

US drawing stocks, closed arbs to Europe and EU and Asian maintenance all lead us to maintain a bullish view on global middle distillates

25 March 2025

EBOB upside stalls for now, USGC exports likely to start Q2 strong

24 March 2025

Negative EFS emerges, but Brent pressure still likely

20 March 2025

Naphtha arbitrage and blending strengthen, but Europe’s market hits a plateau on a weaker petrochemical market

19 March 2025

With closed arbs to Europe and decreasing refining margins in the East, we maintain a bullish view on middle distillates into the medium term

18 March 2025

Prompt RBOB arb wide open, but definite risk of a correction come April

17 March 2025

WTI’s fight to stay cheap in Asia lands it cheaply in Europe

14 March 2025

Will the catalyst come for the high sulphur complex or is the runway too short?

13 March 2025

Arbitrage openings and gasoline recovery fuel naphtha strength, but the Q2 does not look as promising

12 March 2025

Impending turnarounds in EU and Asia appear to be turning the situation bullish currently

11 March 2025

Narrowing TA Arb and Gas-Nap spread combine to put a damper on EBOB outlook

10 March 2025

Arbs suggest North Sea crude on shaky ground

6 March 2025

The naphtha market rebounds from recent lows – will it return to the uptrend or fundamentals have changed?

5 March 2025

The US tariffs have made any position feel like a gamble currently, but we remain largely bearish on global middle distillate pricing

4 March 2025

TA arb widens are market adjusts to tariffs, European gasoline overhang remains but bullish factors piling up

3 March 2025

Competitive WoS arbs pressuring Eastern grades

28 February 2025

Has the market gone too far?

26 February 2025

US turnarounds, cold weather, closed arbs maintain bullish momentum but peak feels imminent

25 February 2025

Cracks, spreads searching for support as physical market softens

24 February 2025

Competitive WoS arbs pressuring Eastern grades

20 February 2025

Strong momentum in naphtha market, but is European demand pointing to a ceiling?

19 February 2025

The short term remains bullish for ICE GO and HO, with important monitoring needed ahead of the probable ceiling in March

18 February 2025

Physical realities finally caught up with EBOB market whilst Sing pushes higher

17 February 2025

Crude market weakens; Ukraine negotiations to rile markets

13 February 2025

January swings set the stage for market rally

10 February 2025

Western crude gets too cheap

6 February 2025

Cash diffs diverge strongly to shut West-East arbs but situation looks unsustainable

5 February 2025

Middle distillate strength set to move East as ICE GO and HO find somewhat of a ceiling in coming weeks

5 February 2025

RBOB correction in full swing as tariffs impact delayed for a month at least

3 February 2025

Tariffs (possibly) set for tonight; MEG premiums cool

30 January 2025

European naphtha gains momentum amid short term gasoline strength

29 January 2025

A bearish outlook for ICE GO and Singapore diesel contrasts with a bullish one for HO and jet

28 January 2025

The EBOB complex rebounds on Dangote issue, but will it be enough to sustain an upward trend in the medium term?

27 January 2025

Crude waits for possible MEG correction

23 January 2025

Current arbitrage weakness caps naphtha upside, but March offers hope

21 January 2025

E/W blows out on Singapore weakness, but supply-side tightness on the horizon points to a reversal on the cards

20 January 2025

The race for medium sour barrels

15 January 2025

New sanctions on Russia lend at least temporary strength to global diesel market

14 January 2025

Will western market stabilise amid emerging arbitrage opportunities?

13 January 2025

Sanctions risks come to the fore

9 January 2025

Can the naphtha market recover from early-year losses?

8 January 2025

Real tightness in East Asian diesel and whilst it feels more marginal in US and EU, we still maintain a bullish view

7 January 2025

Light-ends markets look well-supplied as we enter 2025

23 December 2024

2025: What’s in store for gasoline markets?

23 December 2024

2025 – What lies ahead for Crude?

23 December 2024

Naphtha market outlook for 2025

20 December 2024

2025 global diesel market: outlook and expectations

19 December 2024

Navigating backwardation: Naphtha market’s recovery arrives early

18 December 2024

European market is for now finely balanced; key factors in early 2025 are the weather and marginal flows from a tight-ish Eastern market

17 December 2024

Where is the limit to TA arb downtrend?

16 December 2024

Arbs East creaking open, WTI Afras price out of NWE

12 December 2024

Have we left the bottom behind?

11 December 2024

East Asian diesel strength and a potentially cold winter must be monitored, but until we start to feel the effect of global maintenance starting mid Q1 2025, we are marginally bearish middle distillate from here

10 December 2024

Further signs of Asian strength slowing, but stronger US high-octane component premia keeping European outlook looking healthy

9 December 2024

North Sea still to come under pressure; Aramco OSP cuts target China

28 November 2024

European market hits contango amid rising Russian supply and weak demand

27 November 2024

Whilst we remain bullish distillate, and diesel in particular, into Q1 2025, it is becoming important to consider when to get short; perhaps in anticipation of the end of global maintenance mid Q2 2025?

27 November 2024

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

25 November 2024

Signs of life emerge in physical crude; we doubt it’s sustainable in key areas

21 November 2024

Declining physical premiums keep pointing to a soft naphtha outlook

21 November 2024

All eyes on China

20 November 2024

Are diesel stocks building enough before Q1 and Spring-time global maintenance?

19 November 2024

Rising Gas-Nap strengthens EU blending economics

18 November 2024

Paper crude weakens; physical signals remain lacklustre

13 November 2024

Reduced PADD1 crude runs, a closed USGC TA arb and Middle Eastern arbs still pointing East lead us to remain bullish ICE GO despite refinery returns

12 November 2024

Tightening arbitrage options and wider balances challenge EBOB outlook

7 November 2024

Global naphtha prices fall amid limited arbitrage opportunities

6 November 2024

With Asian and European runs under pressure, the positive outlook for distillate seems probable to continue for rest of the year

5 November 2024

Europe’s gasoline exports outlook improves with new arbitrage opportunities

4 November 2024

US election & Middle East likely to whipsaw crude markets this week

31 October 2024

Is naphtha’s peak behind us?

30 October 2024

Reduced Chinese distillate exports lend real strength, but for how long with crude runs, particularly in the US and Middle East returning

29 October 2024

RBOB complex holds firm while European and Asian market collapse

28 October 2024

Flat-price tumbles as Israel’s response did not include oil infrastructure and focus returns to lacklustre physical market

24 October 2024

Bearish Q4 narrative remains warranted, with some bullish nuance

24 October 2024

Arb to Asia shapes Q4 outlook, still supported despite high seasonal levels

24 October 2024

Bullish distillate short term, but returning runs after maintenance and new supply should temper this; run cuts in East Asia, in particular, continue to be important to monitor

22 October 2024

European gasoline under pressure as USGC export position strengthens

21 October 2024

Weak European market is now pricing crude to leave the region

17 October 2024

Volatile naphtha market faces a changing arbitrage outlook and strong gasoline support

17 October 2024

Bearish fundamentals coming back to the fore as shocks averted

16 October 2024

Bearish outlook difficult to ignore as diesel markets slip into contango and margins likely to face further pressure

15 October 2024

The bullish outlook shifts across the Atlantic

14 October 2024

Physical North Sea lacks outlets

11 October 2024

Further signs of Asian strength slowing, but stronger US high-octane component premia keeping European outlook looking healthy

10 October 2024

Short-term pressures on Europe, but will it last?

9 October 2024

Diesel market faces limited prompt upside as Middle East risks fade and US pricing adjusts to curtail exports

8 October 2024

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

7 October 2024

Spectre of escalation roils paper markets and arb econs

3 October 2024

Come together: Surging E/W spread countered by weaker Asian naphtha cash diffs, global cracks and time spreads find ceiling

2 October 2024

Continuing bullish signals for ICE GO spreads and cracks but recovering margins/returning supply will be important to monitor

1 October 2024

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

30 September 2024

North Sea competitiveness improves abroad and into refineries, but Libya return spells trouble

26 September 2024

Gold(en) rush: Naphtha fixture frenzy ahead of Asian holiday defies closed arbs, props up cash diffs and E/W

25 September 2024

Whilst East Asian diesel feels relatively flat, there appears to be some warranted optimism in ICE GO and HO

24 September 2024

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

23 September 2024

Crude markets still creaking under the weight of margin pressure

19 September 2024

The crack up: Physical, paper naphtha market divergence to be tested by softer Asian petchems

18 September 2024

Continuingly bearish positions held in the market but with run cuts and maintenance ongoing, now could be a nice time to get long

17 September 2024

From European peak to US and Singapore opportunities

16 September 2024

Physical crude looks set to soften further

12 September 2024

Free fallin’: Softer naphtha prices have improved Asian steam cracker margins, firmed import appetite

11 September 2024

Maintenance, winter demand and runcuts may lend some short-term strength to global distillate. Refinery additions are likely to overcome these in Q4

10 September 2024

European market finds a floor: Will it last?

9 September 2024

Physical crude holds up against flat price freefall, for now

5 September 2024

Nap time: Global cracks to remain strong, particularly in the East, as resupply concerns still dominate

4 September 2024

Maintenance and run cuts have resulted in a modest recovery in the diesel market but it should be limited with arbs open and pointing to Europe

3 September 2024

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

2 September 2024

Refinery margins & OPEC+ cancel out Libyan bull signal

29 August 2024

Bull-etproof: Global markets’ sharp correction dents naphtha strength

28 August 2024

The market turns increasingly bearish, whilst the medium term outlook has some positivity, but will we need run cuts as an additional solver?

27 August 2024

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

26 August 2024

Risks to the upside grow despite weak product markets

22 August 2024

FOB off: Med cash diffs soften with freight to reopen key naphtha arbs to NE Asia, ARA

21 August 2024

Significant diesel and jet overhang to work through, but Asian, European, Russian and US maintenance in September/October should be enough to turn the tide

20 August 2024

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

19 August 2024

North Sea to remain strong for a few more weeks and Q4 headwinds weakening slightly

15 August 2024

Twist of freight: Plummeting ship rates insufficient to reopen near-term naphtha arbs; FOB values to remain strong as refinery works loom

14 August 2024

Are we seeing the start of the recovery in both diesel and jet globally?

13 August 2024

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

12 August 2024

Market rebound belies mixed signals in physical crude

8 August 2024

Shut tight: More global naphtha arbs in the red as refinery output dries up ahead of maintenance; spread, crack strength to linger

7 August 2024

The short term appears decidedly bearish, but could Q3 global maintenance and somewhat improving demand be enough to turn around an ailing distillate market?

6 August 2024

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

5 August 2024

Deferred WTI/Brent spreads need to narrow in the short-term

1 August 2024

The heat is on: Slackening Asian naphtha demand constricts E/W spread as petchems consumption slows; and Med, ARA output thins

31 July 2024

AG, WCI and US diesel arbs point or open to Europe, high jet yields start to take their toll on US and EU jet pricing particularly

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

29 July 2024

Dated-related crudes remain strong despite small week-on-week softening, while WTI the most attractive WoS grade in the East as wide EFS makes moving grades East tricky

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

24 July 2024

The bearish run on diesel to continue, high US jet yields are important to monitor also

23 July 2024

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

22 July 2024

Crude draws in the US boost WTI vs Brent, but prompt waterborne fob keeping WTI attractive into NWE and Far East against North Sea crudes in particular

18 July 2024

Beryl rhymes with peril: Continued Med, AG naphtha strength shuts down end-Q3 arbs as weakness enters Asian markets

17 July 2024

Largely bearish diesel until Autumn maintenance, bullish jet until those arbs reopen

16 July 2024

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

15 July 2024

Cushing rally sees WTI export arbs weaken, with US domestic issues at play

11 July 2024

A polarised market: physical prices stronger than paper, West outperforming East, and reversal arb emerging on the horizon

10 July 2024

Bearish on Asian and European diesel and jet until Europe’s September maintenance period; however important to monitor US hurricanes and European heat issues

9 July 2024

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

8 July 2024

Physical Brent still primed to the downside, with time running out also for a bump in Q3 seasonal buying

4 July 2024

What the freight: Shipping rate volatility on Beryl fears and pre-holiday fixing shuts several prompt arbs; corrections to occurs by mid-month

3 July 2024

Europe’s steady distillate recovery to continue in advance of a potentially disrupted summer of refining in the western hemisphere

2 July 2024

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

1 July 2024

Brent strength retained for now while other global indicators of physical crude lag behind

27 June 2024

Close but no cigar: NWE naphtha FOB surge insufficient to offset still robust Med values; supply-side retreat expected next month; US demand appears tentative despite open arbs

26 June 2024

AG diesel arbs should be plentiful to Europe whilst high freights keep the USGC arb closed

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

24 June 2024

June’s Brent rally has seen the complex price out of Asia, WTI price firmly into Europe

20 June 2024

Guess who’s back? Critical naphtha arbs sustainably open on softer FOB premia, although Med, ARA refinery issues could erode margins

19 June 2024

Jet and diesel both exhibit strength but should find a ceiling with the opening of arbs in the coming weeks

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

17 June 2024

Physical crude continues to slowly recover, but already putting the brakes on Eastern arb econs

13 June 2024

Do the Tussle: Freight volatility briefly opens and then shuts key arbs; narrow summer Asian pro-naps signal naphtha steam cracker advantage

12 June 2024

Global jet, and Atlantic Basin diesel in the very prompt, exhibit real strength, largely on the back of continuing closed arbs

11 June 2024

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

10 June 2024

Physical market remains bogged down, but green shoots of margin optimism emerge

6 June 2024

Skyrocketing freight compresses most naphtha arbs; softer Med premia, resilient Asian pricing keep Eastbound arbs open; West of Suez arbs challenged by weak gasoline, surfeit of supply

5 June 2024

Unless run cuts really manifest strongly, the diesel outlook is decidedly bearish whilst surging global freights close arbitrage opportunities

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.

3 June 2024

OPEC+ to bring back volumes (on paper) in Q4, but actual supply to market will be dictated by demand, which for now remains weak

30 May 2024

Asian naphtha outlook turns cautiously optimistic, wider E/W spread to encourage more incremental Med flows; ARA upturn dependent on improved gasoline T/A arb

29 May 2024

Discussion of run cuts, turnaround delays and positive economic signals leads to some small positive signs in global diesel

28 May 2024

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

27 May 2024

All signs point to weakness in the oil market

24 May 2024

Asian naphtha time spreads correct after Tuapse, Daesan resume operations, making Med-Asia arbs uneconomic; further ARA weakness to widen E/W, while defiant US prices spurn inbound NYH cargoes

23 May 2024

Diesel continues to be very flat; closed arbs, maintenance in Asia and poor demand, whilst jet gains despite open arbs

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

21 May 2024

North Sea weakens further, arbs East opening further, but poor demand prevails

16 May 2024

Unseasonably tight Asia pro-nap swaps unsustainable, weaker Europe to turn more Med cargoes East in July; US-ARA arb reopens on paper in Q4

15 May 2024

Remaining very cautiously bullish, ending of EU turnarounds and poor US diesel demand contrast with Asia Pacific turnarounds and “potential” runcuts

14 May 2024

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

13 May 2024

Arbs East verging on open; but anaemic demand still weighing on crude for now

9 May 2024

Weaker naphtha cracks, time spreads to challenge near-term arbs; slim window for Med product to find Asian homes appears

8 May 2024

Remaining very cautiously optimistic on diesel and jet pricing from here, despite positions held in the market

7 May 2024

Flat price tumble sees North Sea-East arbs beginning to open, WTI beginning to lose competitiveness abroad

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

2 May 2024

E/W naphtha to remain wide but fall short of record highs as Asia weakens and Europe threatened by near-term gasoline weakness; US to further soften amid lacklustre domestic demand

1 May 2024

Europe still priced out of major arb routes; Sing & USGC markets to take next hit

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

29 April 2024

TI/Brent still primed to narrow; European crude demand yet to fire higher

25 April 2024

Market recovers on the back of arb to Asia marginally open; PADD 1 stocks suggest further tightening

24 April 2024

Diesel arbs are closed to Europe whilst US and Singapore diesel stocks reduce; signals somewhat of a recovery/floor after a long period of bearish sentiment in the diesel market

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

22 April 2024

WTI strengthens position as marginal sweet barrel to Asia

18 April 2024

European and Asian markets moving away from lows, bearish trend in US prompts USGC export rise

17 April 2024

Bearish feel globally in diesel with Asia Pacific maintenance increasing whilst jet shows some recovery

16 April 2024

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

15 April 2024

Window for North Sea bearishness is closing, while heavy crude pool rallies further

11 April 2024

Red Sea arb too much for current European naphtha demand

10 April 2024

Bearish Asian and European diesel with some glimmers of hope in the US, whilst European jet continues to suffer

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

8 April 2024

Medium-sour vs light-sweet divergence to continue, for now

4 April 2024

Is April the peak of naphtha markets’ bull run?

3 April 2024

A mixed bag – bearish diesel outlook clashes with ongoing geopolitical tensions

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

28 March 2024

Prompt NWE naphtha strength reopens Red Sea arb; Asia to remain unattractive for West-bound cargoes while USGC to buckle from Canadian demand loss

27 March 2024

A bearish sentiment is manifest; poor US diesel demand with increasing runs, all diesel arbs pointed at Europe, high North Asian diesel exports.

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

21 March 2024

Strong backwardation holds in Europe but only in the prompt, Asia well supplied while US faces challenging Q2

20 March 2024

Increasing diesel supply, poor demand and the end of European turnarounds in April leads to a bearish view on both diesel and jet globally

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

14 March 2024

Backwardation continues to exert pressure in a European market that is displaying increasing blending margins

13 March 2024

Asia Pacific gasoil is weak, ME arbs point West, some surprising strength in the US whilst jet shows initials sign of recovery

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

7 March 2024

Asian market gains momentum for Q2 on surging petrochemical demand; European blending challenges in lower gas-nap and rising aromatic components

6 March 2024

European and Asian diesel markets exhibit more weakness than the US whilst jet recovery is unlikely until the end of April

5 March 2024

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

29 February 2024

European market continues to hit new highs on rising petrochemical demand, but gas-nap suggests gasoline demand could have already peaked

28 February 2024

Diesel market continues to come off its highs as strong European pull potentially unsustainable

27 February 2024

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

22 February 2024

Asia leads the uptrend and recent market movements suggest that a bottom has been reached

21 February 2024

Increased marginal diesel resupply to Europe as its maintenance period really begins to start

20 February 2024

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

15 February 2024

Europe shows first signs of weakening despite higher petrochemical demand, while Asia keeps arb closed

14 February 2024

Europe exhibits a need for diesel resupply, that both US and Asian origin barrels need to price to fill

13 February 2024

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

8 February 2024

Supply issues, gas-nap, and strong US market drive naphtha into strong backwardation, tightening Q1 outlook

7 February 2024

An extremely bullish, but warranted, sentiment prevails in Atlantic Basin diesel, though less so in Asia Pacific and global jet

6 February 2024

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

1 February 2024

E/W cools down after overreacting to attack on the Marin Luanda and facilities in Ust Luga and Tuapse; will current values be enough to pay for Asian arb needs?

31 January 2024

Atlantic Basin, especially Europe, appears bullish diesel whilst Asia Pacific bearish, also for jet

30 January 2024

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

25 January 2024

Asian market continues to rise as Cape of Good Hope alternative materialises, while gasoline demand keeps pushing for blending naphtha in Europe and Asia

24 January 2024

GO E/W and HOGO move to resupply Europe, no reason to believe that this will end in the short term

23 January 2024

EBOB rally still has legs in the short term

18 January 2024

Naphtha market collapse in Asia due to urgency to cover the lack of Middle East product

17 January 2024

Increasing Chinese distillate exports and continuing Red Sea issues, the GO E/W poised to widen further

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

11 January 2024

Balances keep tight and backwardation steepens, but the bottom looks close and US points to more exports in the coming weeks

10 January 2024

Cracks and spreads exhibit gains with continuing low stocks in Singapore, ARA and NY pricing centres

9 January 2024

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

5 January 2024

The New Year suggests a softer market as the East is set to pull less than December highs

4 January 2024

Projected low Chinese diesel exports, Middle Eastern arbs pointing East and low Atlantic Basin stocks; bullish signs in global distillates manifest

3 January 2024

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

27 December 2023

2024 Market Outlook

21 December 2023

Asia keep pushing for more barrels but the end of Q1 looks less tight

20 December 2023

Red Sea issues uplifts spreads and cracks but this appears a little overdone!

19 December 2023

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

18 December 2023

Market Commentary Special: Navigating declining freight rates and demurrage in the Panama Canal

14 December 2023

Asia market pushing for more arb supply while Europe shows initial signs of not following the trend

13 December 2023

ME diesel arbs point to Singapore, whilst the USGC continues to price to export to the USAC and Europe

12 December 2023

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

7 December 2023

Asian naphtha rally heats up Europe, but fundamentals still questionable going forward

6 December 2023

Asia Pacific focuses on Jet, Europe Winter Specs whilst US MR freights continue to roof

5 December 2023

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

30 November 2023

Asian bullishness drags Europe higher, but some supports still to reverse

29 November 2023

Asia Pacific gasoil weakness continues, jet takes front stage, US HO strength shows no signs of slowing

28 November 2023

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

23 November 2023

Prompt optimism continues but early signs of a correction emerge in Asia

22 November 2023

Pockets of gasoil strength in the Atlantic Basin but the general trend continues to point negative

21 November 2023

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

16 November 2023

Cracks and spreads soar, stronger NY market, but blending demand support is set to fade

15 November 2023

Asian and European generally weaker but some pricing centre risk remains in the USAC

14 November 2023

EBOB rally still has legs in the short term

9 November 2023

Brent collapse boosts naphtha cracks while Panama delays impact Asian propane-nap spreads and eastbound arb prospects

8 November 2023

Strong signs of global gasoil weakness manifesting as 2024 WCI arbs point East

7 November 2023

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

2 November 2023

Crack rebound looks overdone on weak fundamentals outlook as physical premiums remain sluggish

1 November 2023

Low ARA stocks widen the East/West as cracks remain seasonally high

31 October 2023

EBOB hangs on but plummeting Houston market is a red flag

27 October 2023

Timespreads plummeting in a weak market while E/W after big spike on geopolitical risk. Limited support from gasoline blending where octane values pull heavy naphtha premiums

26 October 2023

West Coast India lands best into Singapore whilst Europe pulls more from the US Gulf Coast

24 October 2023

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

19 October 2023

Cracks under pressure from strong crude, cheap propane, but rebounding gasoline helps take bearish edge off of Q4

18 October 2023

Closed arbs into Europe appear unsustainable, with USGC and AG premiums softening

17 October 2023

Gasoline market settles into a Q4 rhythm despite ongoing AG disruption

13 October 2023

Spreads tumble though Asia remains in backwardation, Gas-Nap narrows as a potential demand side bright spot amid RBOB weakness

11 October 2023

Bearish sentiment creeps into gasoil complex as European arbs close but WAF opportunities present themselves

10 October 2023

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

6 October 2023

Weak gasoline adds bearish pressure to naphtha demand for blending while E/W collapses after reaching $10/mt

4 October 2023

As the East/West narrows West Coast India exports point to Singapore

3 October 2023

EBOB retreat was overdue, but now looks overdone

28 September 2023

NYH blenders are increasing premiums in an effort to source products from a robust Europe in the physical market, despite a weaker trend on paper

27 September 2023

HOGOs narrow steeply, all arbs into Europe appear closed whilst Singapore prices up; reflected in slight narrowing of the East West

26 September 2023

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

22 September 2023

Europe leads the strength on the naphtha market while Asia pushes E/W as both compete for Mediterranean barrels

21 September 2023

European strength briefly opens the TA arb whilst Chinese gasoil and Russian diesel export ban weighs on the East/West

20 September 2023

Supply constraints in US and AG helping strengthen ARA market

14 September 2023

US strength set to reverse flows in the prompt as NYH pulls European volumes and USGC shuts export avenues

13 September 2023

Europe receives large Eastern flow, whilst global cracks and spreads move up on refinery and hurricane fears

12 September 2023

Resurgent European screen belies easing physical market

7 September 2023

Asia holds on while Europe faces a challenging Q4 for open-spec naphtha

6 September 2023

Lowest ARA gasoil stocks this year, E/W to reverse recent narrowing as WCI barrels, on paper, point to Singapore

5 September 2023

Atlantic Basin support eroding as focus shifts to EoS in Q4

31 August 2023

Contango on the horizon as pricing turns to Q4 challenges

30 August 2023

US diesel tightness further contributes to E/W widening as 3rd Chinese export quotas announced

29 August 2023

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

24 August 2023

Panama Canal demurrage leads to an unbalanced heavy market

23 August 2023

Global cracks rebound, Middle Eastern arbs in high demand whilst USGC arbs closed

22 August 2023

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

18 August 2023

Backwardation softens as Russian flows to Asia pick up through August

17 August 2023

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

16 August 2023

Global cracks decrease despite low stocks and general bullish sentiment whilst East of Suez arbs point West

11 August 2023

East of Suez arbs point to Europe, transatlantic arb closed, will this be enough to dampen Q4 spreads?

10 August 2023

The naphtha market extends its summer gains with Asia continuing to lead the way

8 August 2023

Is this the end of the summer bull party?

3 August 2023

Resurgent Asian demand drives the world to backwardation

2 August 2023

Q4 ULSD arbs into Europe deeply closed despite low stocks, reduced runs and no clear source of resupply, Q4 E/W too narrow?

31 July 2023

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

26 July 2023

Global distillate cracks strong on net bullish paper positions, extremely low stock environment

24 July 2023

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

19 July 2023

USGC supply dominates an exacerbated European short, WCI primary for Singapore, as refinery issues cut supply in the European continent

17 July 2023

Summer crunch building steadily

12 July 2023

All arbs including USGC and AG/WCI point to Europe as regional refinery issues continue to take their toll

10 July 2023

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

5 July 2023

Low ULSD inventory in US/Europe but also low demand, AG ULSD arbs continue to point West

3 July 2023

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

28 June 2023

Signs of ULSD tightness in Europe, pressure on Singapore ULSD as South Korean refineries return from maintenance

26 June 2023

Is this another buy the dip moment?

21 June 2023

Atlantic Basin strength on the back of ULSD tightness, AG/WCI arbs point to Europe

20 June 2023

Strong gasoline or weak naphtha?

14 June 2023

Strength exhibited in the global distillate market, all markets move into backwardation

12 June 2023

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

8 June 2023

The attention of the ULSD market turns to Europe, as regional strength attracts arbs

5 June 2023

Ceiling reached as weak naphtha provides anchor to gasoline complex

31 May 2023

Diesel: Positive ULSD outlook for Europe on the back of closed arbs despite continuing macro demand worries

30 May 2023

Widening gas-nap spreads opening up blend opportunities in Houston

24 May 2023

Diesel market lacking direction, but some notes for cautious optimism looking ahead

23 May 2023

Summer gasoline bullish momentum doesn’t want to pause

17 May 2023

Europe full up on diesel as prompt Middle East barrels look East

15 May 2023

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

12 May 2023

On Demand Webinar: Fuelling Growth: Capacity Updates, China Recovery, and Jet Upside in the Distillate Market

10 May 2023

Diesel cracks rally on the back of crude selling

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

3 May 2023

All arbs point to Asia as recession fears loom

26 April 2023

E/W narrows; bullish Singapore & Global Demand outlook poor; bearish cracks

25 April 2023

Blending off the menu as ARA appreciates

19 April 2023

Global cracks continue their fall as USGC diesel faces heavy global competition into LatAm

18 April 2023

TA arb dynamics pointing to potential blend opportunities in ARA

12 April 2023

Economic slowdown, large EoS arrivals and falling cracks/spreads paint negative picture for European diesel complex

5 April 2023

Surprise OPEC crude production cut and signs of recession weigh heavily on global diesel cracks

4 April 2023

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

29 March 2023

ICE GO Spreads remain highly backward as French refinery and port strikes intensify

27 March 2023

Short and mid-term consequences of the French strike

22 March 2023

French refineries move into 15th day of strike action

21 March 2023

Bearish macro… bullish fundamentals

16 March 2023

Flat-price collapse aside, diesel markets struggling to show any strong direction

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

23 February 2023

Barrels being pushed into Rotterdam in the prompt as Russian displacement begins

20 February 2023

Gasoline market at the crossroads

15 February 2023

Market likely at a bottom as new dynamics being established

10 February 2023

Damp squib sanctions bring sell-off, continued status quo – for now

7 February 2023

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

1 February 2023

Wind blown from the sails as Europe remains well supplied

30 January 2023

Bullish overtones continue as gasoline market looks to spring

26 January 2023

Timespreads too steep, arb spreads too narrow

24 January 2023

No one wants to be short

18 January 2023

First glimmers of a return to European diesel pull

11 January 2023

Arbs into Europe close fully as E/W narrows

9 January 2023

Mixed feelings from Europe

5 January 2023

Europe not pulling hard despite upcoming Russian product sanctions

3 January 2023

Year-end European rally… can it be sustained?

20 December 2022

Everything seems conveniently priced for Christmas

14 December 2022

First signs of market tightness already reappearing in Europe

13 December 2022

West continues to be under pressure but East firming up

9 December 2022

USGC Arbs barely workable transatlantic but applying pressure on EoS pricing

5 December 2022

USGC: The cheapest source of supply worldwide

15 November 2022

Winter Is Finally Coming: Market Commentary

1 November 2022

East Of Suez Remains Pressured As Atlantic Basin Moves Beyond Covid

25 October 2022

AG Barrels Price Globally, But Not Available To Everyone

17 October 2022

Something’s Gotta Give

28 September 2022

Improving Ebob Cracks Justified As Usgc Focuses Closer To Home

20 September 2022

Not All Open Arbs Mean Volumes Will Flow

12 September 2022

Market Commentary: Ebob Market Supported For Now

5 September 2022

Light Ends Race To The Bottom

17 September 2021

An Interview With Stefano Oliani From Eni Trade & Biofuels On Gasoline Trading

Book a demo to see how Sparta enables you to trade with conviction

Book a demo