A polarised market: physical prices stronger than paper, West outperforming East, and reversal arb emerging on the horizon

In our latest naphtha market commentary:
Bearish on Asian and European diesel and jet until Europe's September maintenance period; however important to monitor US hurricanes and European heat issues

In our latest distillate market commentary:
TA arb and freight mirror the outlook for EU arbitrage, while new opportunities arise for Houston and AG exports

In our latest gasoline market commentary:
Physical Brent still primed to the downside, with time running out also for a bump in Q3 seasonal buying

In our latest crude market commentary:
What the freight: Shipping rate volatility on Beryl fears and pre-holiday fixing shuts several prompt arbs; corrections to occurs by mid-month

In our latest naphtha market commentary:
Europe’s steady distillate recovery to continue in advance of a potentially disrupted summer of refining in the western hemisphere

In our latest distillate market commentary:
The upward trend continues its course, the outlook for RBOB arbitrage improves and new destinations open up on the European horizon

In our latest gasoline market commentary:
Brent strength retained for now while other global indicators of physical crude lag behind

In our latest crude market commentary:
Close but no cigar: NWE naphtha FOB surge insufficient to offset still robust Med values; supply-side retreat expected next month; US demand appears tentative despite open arbs

In our latest naphtha market commentary:
Cushing rally sees WTI export arbs weaken, with US domestic issues at play

In our latest crude market commentary:
A polarised market: physical prices stronger than paper, West outperforming East, and reversal arb emerging on the horizon

In our latest naphtha market commentary:
Bearish on Asian and European diesel and jet until Europe's September maintenance period; however important to monitor US hurricanes and European heat issues

In our latest distillate market commentary:
TA arb and freight mirror the outlook for EU arbitrage, while new opportunities arise for Houston and AG exports

In our latest gasoline market commentary:
Physical Brent still primed to the downside, with time running out also for a bump in Q3 seasonal buying

In our latest crude market commentary:
What the freight: Shipping rate volatility on Beryl fears and pre-holiday fixing shuts several prompt arbs; corrections to occurs by mid-month

In our latest naphtha market commentary:
Europe’s steady distillate recovery to continue in advance of a potentially disrupted summer of refining in the western hemisphere

In our latest distillate market commentary:
The upward trend continues its course, the outlook for RBOB arbitrage improves and new destinations open up on the European horizon

In our latest gasoline market commentary:
Brent strength retained for now while other global indicators of physical crude lag behind

In our latest crude market commentary:
Close but no cigar: NWE naphtha FOB surge insufficient to offset still robust Med values; supply-side retreat expected next month; US demand appears tentative despite open arbs

In our latest naphtha market commentary:
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