EMEA Chart Pack August 2026

Cross Barrel Crude Diesel Distillate Freight Fuel Oil Gasoline Jet Naphtha

Analyst briefs Chart packs Deep dives Events Opinions Podcasts Press Webinars Whitepapers

Refinery margins are splitting west from east. Here's what traders need to watch.

Published27 AUG 26 - 13:50 Reading time minutes

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 EMEA Chart Pack: August 2026

Europe’s refining complex is holding near 2026 highs while Southeast Asia’s margins slide, a shift away from the broad-based product strength seen all year.

Key takeaways

VLCC rates hit record highs. TD3c is now trading above March’s war-driven peak, and this time it’s genuine spot freight tightness, not just a geopolitical event.
E/W swaps break lower. Diesel and gasoline E/W have sold off sharply, and the 380 EW’s two-month rally is also over, with a September floor now in view.
NWE medium sour crude supply is loosening. Johan Sverdrup values are falling as Saudi Yanbu-SUMED flows boost Arab Light availability, with at least three European buyers getting full September allocations.
Diesel cracks stay stubbornly wide. Russia’s export ban looks set to run through September, keeping the structural diesel shortfall in place even as E/W weakens.
Gasoline still bullish. Atlantic basin gasoline tightness has pushed Gas-Nap to record seasonal highs, with EBOB spreads supported into October.