Market Outlook
Podcast: Crude reality
Published26 JUN 25 - 14:41
Reading time
minutes
Strap in. Episode 46 of Sparta Market Outlook is a no-holds-barred debrief on a week that saw oil prices plunge, freight markets convulse, and geopolitics dance on a knife-edge. As the dust settles post-Iran flare-up, our analysts unpack the uneasy calm — and the market’s surprising complacency.
Rachel, Phil, James, and Neil dissect:
Rachel, Phil, James, and Neil dissect:
- Why crude is down $10 even as Middle East tensions simmer
- The freight market’s wild behaviour, especially TC14’s stubborn spike
- A U.S. market so tight it should be ringing alarm bells
- Whether Europe’s distillate strength is a mirage or a still a prelude to a squeeze
- And the million-barrel question: can WTI stay this cheap abroad?
From Chinese diesel exports to Gulf Coast refinery cracks, this is your barrel-by-barrel breakdown of a market in flux — with no shortage of hot takes, sharp edges, and tinfoil hats.
Next Thursday the podcast is coming LIVE from London – register for your tickets here
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Distillates strength pulls further ahead after a short breather, as tightness looms ahead; jet looks...
Diesel arbs into Europe are mostly closed despite the recent upturn in pricing. Meanwhile Jet arbs East-West are much more favourable. Further weakness in SG10 E/W and in NWE Jet CIF diffs likely.
14 AUG 26 - 08:08
Atlantic Basin looks to hold naphtha, giving support to MOPJ premiums
Marginal Med arbs and a shut Rotterdam–Chiba keep naphtha in the Atlantic Basin, with Brazil the stronger outlet and MOPJ risk building into Q4.
14 AUG 26 - 07:22