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Press

Asian refineries slash output as Iran crisis chokes crude supplies

“What happens if you pay for this exorbitantly expensive crude and then peace breaks out tomorrow and all the product prices drop like a stone? What do you do then?” — Neil Crosby, Head

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Analyst Briefs
  • New
  • Distillate

Potential downside on 0.5 EW, VGO very strong

20 MAY 26 - 11:03

  • New
  • Fuel Oil

Potential downside on 0.5 EW, VGO very strong

20 MAY 26 - 10:40

  • New
  • Cross Barrel

What do you do with more crude exiting the SoH?

20 MAY 26 - 10:39

  • New
  • Distillate

HOGO extends gains as US diesel stocks remain perilously thin; but RVO and freight offer notes of caution

18 MAY 26 - 15:47

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Deep Dives
  • New
  • Freight

Atlantic Basin MR CPP Market Report

TC14 and TC2 rates under pressure due to tonnage supply but cargo econs remain supportive.

20 MAY 26 - 11:38

  • New
  • Gasoline

EBOB loses forward arbitrage opportunities, making way for bullish RBOB and SING 92 plays

Losses of forward TA arb outlets and key African destinations, and open blend margins suggests prompt weakness for EBOB spreads as RBOB summer Gulf Coast basis is set to gain.

20 MAY 26 - 07:44

  • New
  • Crude

Physical in the doldrums but risk still for a rally

The arb picture in the East is compressing, but WTI and heavier LatAm still hold the best margins.

18 MAY 26 - 12:25

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Chart Packs
  • Cross Barrel
  • Crude
  • Distillate
  • Freight
  • Fuel Oil
  • Gasoline
  • Naphtha

APAC Chart Pack May 2026

14 MAY 26 - 07:34

  • Cross Barrel
  • Crude
  • Distillate
  • Freight
  • Fuel Oil
  • Gasoline
  • Jet
  • Naphtha

EMEA Chart Pack April 2026

21 APR 26 - 14:03

  • Cross Barrel
  • Crude
  • Distillate
  • Freight
  • Fuel Oil
  • Gasoline
  • Jet
  • Naphtha

Americas Chart Pack April 2026

15 APR 26 - 09:57

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Podcast: No Iran deal yet. US stocks are draining. What breaks first?

13 MAY 26 | 48 mins 14 secs

Podcast: Iran talks spin. US diesel stocks are running out of runway.

07 MAY 26 | 33 mins 35 secs

Podcast: Asia absorbed the initial shock. Now the US is running dry

30 APR 26

Podcast: The Iran podcast – Where do we go from here?

24 APR 26

Podcast: Tariffs, Tariffs, Tariffs

16 APR 26

Podcast: The blockade is here. Now what?

09 APR 26

Opinion View all
  • Cross Barrel

The Iran war and oil markets: the Hormuz question

The Iran war and oil markets: the Hormuz question Part 3 of a Series March 29, 2026 Felipe Elink...

30 MAR 26 - 07:59

  • Cross Barrel

The Iran war and oil markets: what comes next

16 MAR 26 - 09:21

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Whitepapers View all

Trading Energy Futures Arbs-Driven ICE GO Futures Time Spread Forecasting

05 MAY 25 - 07:46

Trading Energy Futures: Arbs-driven EBOB spread forecasting

24 MAR 25 - 10:55

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Sparta’s in town for CERA week

Houston | March 23, 2026

From Data to Decisions: How Databento and Sparta are Transforming Commodity Markets

Online | July 8, 2025

Cutting Through the Noise: The challenge in accessing real-time pricing

Online | April 29, 2025

Fuel Oil Focus: Cracks, refinery margins, and debunking ECA myths

Online | March 12, 2025

Winter Webinar 2024: All change in the European gasoline market in 2025

On - Demand Webinar | December 10, 2024

Autumn Webinar 2024: Unlocking Freight Demand – The Next Step in Shipping

On-demand webinar | October 9, 2024

Webinars View all
  • Cross Barrel

Sparta Insights Webinar: 2026 outlook for the oil market

Catch our first webinar of the year where Sparta experts Neil Crosby, Michael Ryan, June Goh and James Noel-Beswick dove into the key trends shaping the oil markets in 2026, with more OPEC, Atlantic Basin and Venezuelan barrels reshaping diffs and supporting complex refining margins amid limited new capacity and US West Coast tightening.

29 APR 26 - 13:43

  • Cross Barrel

Sparta Insights Webinar: 11 trades to watch on the Iran conflict

Sparta Insights Webinar: 11 trades to watch on the Iran conflict Neil Crosby, Jorge Molinero and...

29 JAN 26 - 11:55

Press View all

Asian refineries slash output as Iran crisis chokes crude supplies

  • New

20 MAY 26 - 15:32

Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market

  • New

20 MAY 26 - 15:24

How the world has avoided an oil catastrophe so far

14 MAY 26 - 14:10

Brent oil tops $104 after Trump says ceasefire with Iran is on ‘life support’

10 MAY 26 - 15:18

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spartacommo Sparta @spartacommo ·
19 May

Cross Barrel Market Flash: Russian oil waiver is an extension of sales, not incremental barrels

- The latest OFAC sanction waiver for Russian oil (General Licence 134c) is applicable for crude and oil products loaded as of 17 April 2026 for sale till 17 June 2026

- However the

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spartacommo Sparta @spartacommo ·
18 May

Distillate Market Flash: HOGO extends gains as US diesel stocks remain perilously thin; but RVO and freight offer notes of caution

- The June HOGO has widened by close to 3 cpg since the start of last week, extending a run that continues to draw support from a US distillate

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