APAC Chart Pack February 2026
Sparta’s Chart Packs are ready-made collections of charts that highlight key commodity market moves, giving traders a fast, visual snapshot of what matters without building charts themselves.
Monthly APAC Chart Pack: February 2026
Amidst geopolitical tensions, flat prices are still capped by the oil glut, while Venezuelan displacement flows are reshaping the regional barrel.
Key takeaways:
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Oil narratives: Geopolitical risk around potential US-Iran tensions is failing to stick. Seasonal US inventory builds and expectations of a heavier regional refining slate are keeping risk premia contained.
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Crude: Spot AG differentials stay bid as India pivots away from Russian barrels. The Brent-Dubai EFS is set to narrow as Atlantic Basin maintenance gathers pace.
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Light ends: Sing 92 gasoline is still hunting for a floor after an oversupplied January. Naphtha remains the swing barrel, acutely exposed to any disruption through the Strait of Hormuz.
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Middle distillates: Diesel cracks are easing as supply fears fade and Balikpapan capacity nears start-up. Jet arb to the US West Coast, however, remains structurally open.
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Residual fuel oil: Saudi gas displacement is lifting HSFO export availability, while VLSFO margins stay under pressure from a steady stream of Dangote LSSR barrels.
Click to read Americas Chart Pack February 2026 – prospect facing
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The Med splits
Atlantic naphtha tightens on Russian outage and Brazilian ethanol shift, while deferred MOPJ spreads keep E/W afloat.
07 AUG 26 - 06:44
EBOB firms on Russian strikes, prompting Asian competition into South Africa.
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07 AUG 26 - 06:14