Deep dive (157)

Weekly expert commentary across the barrel. Spot trend shifts early with forward-looking takes on why the market is moving, and what might come next.

  • New
  • Crude

WAF and South American grades shine

TI/Brent to widen to -$9/bbl through the November and December contracts.

09 SEP 26 - 07:42

  • New
  • Naphtha

Hormuz attacks keep tightening the light ends picture

Hormuz attacks keep tightening the light ends picture.

07 SEP 26 - 13:41

  • New
  • Freight

NWE MR Market Report (07 Sep 2026)

MR owners face a stark choice as tonnage keeps rebuilding faster than it clears.

07 SEP 26 - 12:16

  • New
  • Gasoline

Paying for premium

E5 barges over +$300/mt have paralysed European blending, closing the TA arb into NYH and holding gasoline E/W at historic lows across all three centres.

04 SEP 26 - 13:38

  • New
  • Naphtha

Asia pays up and the West responds: naphtha arb reopens

The strength has been translated into Western physical premiums over the next week, with NWE and USGC cash diffs rising.

04 SEP 26 - 12:06

  • Distillate

Diesel tightness dominates as jet softens into shoulder season

Russian supply risk and low USGC stocks keep diesel spreads bid, while rising Asian supply and falling shoulder-season demand weigh on jet.

02 SEP 26 - 09:26

  • Freight

USGC DPP Market Report

WTI loses its edge everywhere as USGC Afra tonnage doubles and Suezmaxes trade locally.

01 SEP 26 - 11:50

  • Crude

Calmer Asian markets cause gridlock in USGC

TI/Brent to widen to -$9/bbl through the November and December contracts.

31 AUG 26 - 08:39

  • Naphtha

Naphtha E/W recovers hard pointing to a strong 2H Oct arbitrage window

European premiums weaken, also pushing to reopen the arb to Asia.

28 AUG 26 - 11:52

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