Market Outlook
Oil up on concerns over Iran sanctions, strong refining margins
Published25 FEB 25 - 08:35
Reading time
minutes
“Globally complex refining margins are looking robust, with strong fuel oil and distillates crack, particularly in USGC and NEW benefiting from the heating oil demand from the cold snap,” said Sparta Commodities analyst Neil Crosby in a note, referring to the U.S. Gulf Coast and Northwest Europe.
Reuters, February 25, 2025 – Oil prices edged up for a second day, with Brent and WTI crude futures rising on concerns over tighter supplies due to fresh U.S. sanctions on Iran. Neil Crosby from Sparta highlighted robust global refining margins, driven by strong fuel oil and distillate demand, particularly in the U.S. Gulf Coast and Northwest Europe amid a cold snap.
Real time alerts, set to your specifications
Continue reading
The Med splits
Atlantic naphtha tightens on Russian outage and Brazilian ethanol shift, while deferred MOPJ spreads keep E/W afloat.
07 AUG 26 - 06:44
EBOB firms on Russian strikes, prompting Asian competition into South Africa.
Global gasoline spreads have rebounded on the day, led by EBOB in the Aug/Sep, with lesser gains...
07 AUG 26 - 06:14