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Analyst briefFreight

TC7 SEA MR: Tonnage triples in three weeks as short-haul voyages and closed arbs drive continued rate weakness

SEA MR vessel supply in the seven-day ahead window is materially long at 33 vessels against a 90-day moving average of 22. The count has risen sharply from just eight MRs three weeks ago, driven by a

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Analyst Briefs
  • New
  • Freight

TC7 SEA MR: Tonnage triples in three weeks as short-haul voyages and closed arbs drive continued rate weakness

16 JUN 26 - 10:53

  • New
  • Freight

TC2 NWE MR: Busy fixture start to the week but supply overhang keeps the outlook neutral

16 JUN 26 - 09:30

  • New
  • Cross Barrel

Contango craziness

16 JUN 26 - 09:06

  • New
  • Freight

TD20 WAF Suezmax: Undervalued freight and a shrinking tonnage list point to further upside

15 JUN 26 - 10:28

Deep Dives
  • New
  • Crude

The Iran-US deal: forced to price the headline, not the risk

Choppy times ahead but don’t expect full Hormuz flow any time soon.

15 JUN 26 - 12:40

  • New
  • Naphtha

Naphtha extends its slide and Europe edges toward contango

August arbitrage looks more promising on paper but the risk runs high.

12 JUN 26 - 08:27

  • New
  • Distillate

We remain bearish on the HOGO and GO E/W (despite low US diesel stocks)

Despite low stocks in the US, the HOGO (and GO E/W) looks like a sell.

11 JUN 26 - 08:38

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

APAC Chart Pack June 2026

11 JUN 26 - 13:52

  • Cross Barrel

Europe Chart Pack May 2026

29 MAY 26 - 14:41

  • Cross Barrel
  • Naphtha

Americas Chart Pack May 2026

22 MAY 26 - 12:33

Podcast: Hormuz transits accelerate but risk is high.

10 JUN 26 | 32 mins 40 secs

Podcast: Peace deal merry-go-round continues.

04 JUN 26 | 28 mins 00 secs

Podcast: Risk-off and short-term solvers, but it won’t last.

28 MAY 26 | 28 mins 00 secs

Podcast: The largest stock draw in history. Oil barely moved.

21 MAY 26 | 37 mins 01 secs

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

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

Summer drinks – co-hosted by Sparta and S&P

23 Jun 26

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

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

Singapore’s oil product inventories slump to near 13-year low

Oil premiums fizzle out as concerns abate on supply shortfall

Gulf attacks threaten the ceasefire

Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

Naphtha is sliding toward contango in Europe and the floor is nowhere in sight.

Geopolitical hopes are fading. Europe's July/August timespread has collapsed to $7/mt, its weakest since the Iran conflict began and down $40/mt cumulatively. The arb East of Suez isn't flowing in

The peace deal merry-go-round continues. Cushing near its floor. Every diesel arb into Europe shut. Atlantic VLCC tonnage at record levels. Hormuz flows picking up, risk remains elevated.

Yesterday we launched the first edition of our weekly newsletter, bringing you the

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