Sparta Commodities

Cushing rally sees WTI export arbs weaken, with US domestic issues at play

In our latest crude market commentary:

15 July 2024

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

In our latest naphtha market commentary:

11 July 2024

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:

10 July 2024

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:

9 July 2024

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:

8 July 2024

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:

4 July 2024

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:

3 July 2024

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:

2 July 2024

Brent strength retained for now while other global indicators of physical crude lag behind

In our latest crude market commentary:

1 July 2024

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:

27 June 2024