Sparta Commodities

Cracks under pressure from strong crude, cheap propane, but rebounding gasoline helps take bearish edge off of Q4

In our latest naphtha market commentary:

> E/W keeps climbing closer to long term average supported on European weakness and Asian rebound on lower refinery runs

19 October 2023

Timespreads plummeting in a weak market while E/W after big spike on geopolitical risk. Limited support from gasoline blending where octane values pull heavy naphtha premiums

In our latest naphtha market commentary:

18 October 2023

Gasoline market settles into a Q4 rhythm despite ongoing AG disruption

In our latest gasoline market commentary:

17 October 2023

Spreads tumble though Asia remains in backwardation, Gas-Nap narrows as a potential demand side bright spot amid RBOB weakness

In our latest naphtha market commentary:

> European spreads touch contango in the prompt and physical premiums went negative for OSN in NWE

13 October 2023

Bearish sentiment creeps into gasoil complex as European arbs close but WAF opportunities present themselves

In our latest distillate market commentary:

11 October 2023

Gasoline cracks and spreads settling in for a more realistic winter following an explosive summer

In our latest gasoline market commentary:

10 October 2023

Weak gasoline adds bearish pressure to naphtha demand for blending while E/W collapses after reaching $10/mt

In our latest naphtha market commentary:

> The bearish trend in the gasoline market is confirmed on both sides of the Atlantic with significant drops in RBOB and EBOB spreads

6 October 2023

As the East/West narrows West Coast India exports point to Singapore Bullet points

In our latest distillate market commentary:

> Whilst South Korean, Taiwanese and Chinese gasoil exports land more cost effectively, West Coast India exports now point at Singapore

4 October 2023

EBOB retreat was overdue, but now looks overdone

In our latest gasoline market commentary:

3 October 2023

NYH blenders are increasing premiums in an effort to source products from a robust Europe in the physical market, despite a weaker trend on paper

In our latest naphtha market commentary:

> The European market maintains its strength from last week, driven by the cessation of Russian gasoline exports in the short term and renewed petrochem...

28 September 2023