Asia Gasoline – Pricing Analyst Update – 20-24 Jul
- Singapore 92 RON flat price rose $15.41/bbl w-o-w to $122.35/bbl (22 Jul).
- Cash differentials gained $2.18/bbl w-o-w to $3.96/bbl.
Drivers:
- Global inventories remain constrained, with Europe and the US both at multi-year lows.
- Hormuz flows have thinned further amid the wider regional conflict.
- Troubles along the Red Sea (a gasoline hub): Houthi forces have declared a blockade on Saudi-linked shipping and struck tankers near Bab el-Mandeb, opening a second chokepoint risk alongside Hormuz.
- Asia-to-Africa and Asia-to-Mexico arbs stayed open.
- Asian blending components reportedly moved into USWC and Europe.
- Russia is said to be short and sourcing cargoes from Asia.
- Refiners globally are maximising middle distillate yields as distillate cracks outpace gasoline cracks.
About the Author
Carrie Ho, Senior Pricing Analyst at Sparta, brings nearly 15 years of experience across global energy and metals markets, with a particular focus on oil and LNG benchmarks. Before joining Sparta, Carrie was Associate Journalism Director at OPIS by Dow Jones, where she led energy and commodities coverage and honed her understanding of how political and economic forces drive market structure and price dynamics. She now applies this expertise to Sparta’s pricing assessments, helping clients navigate increasingly complex physical and derivatives markets.
Connect: LinkedIn
About Sparta
Founded in 2020, Sparta made waves in the commodity analytics space in March 2022 when it secured a $6m series A investment from Singular. This success then later snowballed into a further $17.5 million in a series A funding round led by the technology venture capital firm FirstMark, with participation from existing shareholder, Singular.
The platform, created by former traders Miles Moseley and Felipe Elink Schuurman, is designed to answer a common problem shared by most traders: 90% of pricing data required to make trading decisions is kept in silos and shared manually by voice, email, or chat.
Sparta breaks these existing data silos and combines the physical and paper markets to provide traders with live access to global raw prices, from futures and swaps to forward freight and physical premiums. We work with clients globally, including Philips 66, Chevron, Trafigura, Equinor and more.
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