Market Outlook
Press

Differentials steady as traders digest US peace proposal news

Cross BarrelCrudeDieselDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
Published21 NOV 25 - 08:23 Reading time  minutes

* A length of heavy sour crude supply in the Middle East is spurring demand for light barrels for blending to create a synthetic medium feedstock for plants which usually run medium crudes, Sparta Commodities analyst June Goh said.

Reuters, Nov 20, 2025 – Mediterranean and Russian crude diffs held steady as the market absorbed news of a new U.S. peace proposal for Ukraine, which—if successful—could ease supply-risk premiums and refocus traders on an already oversupplied market. Sweet grades continued to strengthen against Dated Brent while sour barrels stayed pressured by ample Middle Eastern supply, driving demand for light crude to blend into synthetic mediums. Activity was muted in the Platts window, with no bids or offers reported.

Author

June Goh

Senior Oil Analyst

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Deep dive
  • Gasoline

Cracks set to rally in winter

Supply risk builds across the Atlantic Basin and Asia as blending and refining margins turn negative.

09 OCT 26 - 12:10

  • New
  • Deep dive
  • Naphtha

Naphtha breaks higher while gasoline corrects, and the gas-nap pays for it

Freight is the obstacle between Asian demand and Western barrels

09 OCT 26 - 10:10

  • New
  • Analyst brief
  • Cross Barrel

China product exports resume

China product exports resume

09 OCT 26 - 08:28

  • New
  • Analyst brief
  • Distillate

Singapore regrade swings from floor to near 10-year highs in a fortnight on diesel weakness and Chin...

Singapore regrade swings from floor to near 10-year highs in a fortnight on diesel weakness and China quota confusion; bullish European regrade, bearish Singapore regrade post-Golden Week

08 OCT 26 - 15:09

subscribe_cta_image

Get forward-looking insights straight to your inbox

Subscribe