Oil edges lower amid resumption Strait shipments even vessel hit near Oman
“There is a general sell-off as the market reacts to the increased flows exiting the Strait of Hormuz and China not yet picking up crude demand.” — June Goh, Senior Oil Analyst at Sparta Commodities
- Expert: June Goh (Senior Oil Analyst, Sparta)
- Publication: Reuters
- Market Focus: Crude Oil, Supply Flows, Demand Dynamics
- Geographies: Strait of Hormuz, Middle East, China
In a recent analysis for Reuters, Sparta’s Senior Oil Analyst, June Goh, flags the market disconnect between geopolitical risk and fundamentals: despite the Hormuz attack, crude prices are falling as supply concerns ease. Saudi Aramco has restarted loading at Ras Tanura with two VLCCs (two million barrels each) after a four-month halt, while stranded tankers continue exiting the strait. Brent has dropped 2% to $73.76 and is headed for an 8% weekly loss, driven by easing supply concerns and weak China demand. Traders should monitor China crude intake and track Gulf inflows closely to determine whether this sell-off is sustainable or a temporary dislocation.
Read June Goh’s full commentary in Reuters
About the Author
June Goh | Senior Oil Analyst, Sparta Commodities
June is a senior oil market analyst at Sparta specialising in global crude trade flows and refining economics across Asia and Europe. Her analysis is regularly cited by Bloomberg, the Financial Times, and Reuters. With a significant following in the energy community on X (@JuneGoh_Sparta), June’s insights are a staple for institutional traders navigating regional market shifts.
Connect: LinkedIn / X
About Sparta
Sparta is a live, market intelligence and forecasting platform that enables oil traders, refiners, banks, hedge funds and wholesalers to have access to real-time and global actionable insights to capture market opportunities before others.
To find out how Sparta can allow you to make smarter trading decisions, faster, contact us for a demonstration at sales@spartacommodites.com
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