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
  • Chart pack
  • Cross Barrel

APAC Chart Pack September 2026

Middle East supply risk is reshaping oil flows. Here's what traders need to watch.

09 SEP 26 - 12:41

  • New
  • Analyst brief
  • Cross Barrel

Brent hits 100$/bbl and the China factor

Brent hits 100$/bbl and the China factor.

09 SEP 26 - 09:44

  • New
  • Deep dive
  • Crude

WAF and South American grades shine

TI/Brent to widen to -$9/bbl through the November and December contracts.

09 SEP 26 - 07:42

  • New
  • Analyst brief
  • Distillate

Medium-term ICE GO call arrives on schedule; Europe still shut to every diesel arb bar the Red Sea, ...

Medium-term ICE GO call arrives on schedule; Europe still shut to every diesel arb bar the Red Sea, so HOGO remains a sell.

08 SEP 26 - 15:14

subscribe_cta_image

Get forward-looking insights straight to your inbox

Subscribe