Podcast: Hormuz stays shut: products, freight and the real market squeeze
In the latest Trade with Conviction episode, the team breaks down why this is no longer just a crude story, from refinery shutdown risk in Asia to tightening product balances and freight going off the charts.
Inside this episode:
- Why SPR releases may steady headlines but won’t solve the supply shock
- How Asia is taking the first hit as crude and product balances tighten
- Why jet, distillates and gasoline are becoming the real market focus
- Freight chaos: what soaring tanker rates are telling the market
- Naphtha vs gasoline: where demand destruction could show up first
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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