Sparta Commodities

RBOB complex reacting quicker than EBOB to bearish signals, but pressure building on European pricing to move significantly lower soon as East struggles with high freight rates

In our latest naphtha market commentary:

6 May 2024

E/W naphtha to remain wide but fall short of record highs as Asia weakens and Europe threatened by near-term gasoline weakness; US to further soften amid lacklustre domestic demand

In our latest naphtha market commentary:

2 May 2024

Europe still priced out of major arb routes; Sing & USGC markets to take next hit

In our latest distillate market commentary:

30 April 2024

Quality vs quantity to remain the main price driver into the summer months, with some short-term downside still on the cards for Atlantic Basin gasoline

In our latest gasoline market commentary:

30 April 2024

TI/Brent still primed to narrow; European crude demand yet to fire higher

In our latest crude market commentary:

29 April 2024

Market recovers on the back of arb to Asia marginally open; PADD 1 stocks suggest further tightening

In our latest naphtha market commentary:

25 April 2024

Diesel arbs are closed to Europe whilst US and Singapore diesel stocks reduce signals somewhat of a recovery/floor after a long period of bearish sentiment in the diesel market

In our latest distillate market commentary:

24 April 2024

EBOB’s unexpected uptick looks to have run its course as demand pressures mount, but TA can re-open sporadically as EBOB finds its way lower

In our latest gasoline market commentary:

23 April 2024

WTI strengthens position as marginal sweet barrel to Asia

In our latest crude market commentary:

22 April 2024

European and Asian markets moving away from lows, bearish trend in US prompts USGC export rise

In our latest naphtha market commentary:

18 April 2024