APAC
Chart Pack
August 2026
Take a step back with our monthly chart pack, where analysts highlight the most important trends and visuals shaping the oil market.
Oil Narrative
Crude
Middle Distillates
Light Ends
Fuel Oil
Freight
APAC Chart Pack: August
Introduction
Middle East chokepoint risk is repricing crude, diesel and freight across APAC. Murban and Oman premiums jumped more than $10/bbl in July as Strait of Hormuz attacks intensified, while Singapore diesel cracks surged close to $70/bbl on refinery outages including Jizan's 400kbd shutdown. TD3c freight printed WS491, equal to $14.5/bbl from Ras Tanura. Watch Murban's Nov 1 OSP shift and China's 2.7mt export quota.
"Murban and Oman premiums traded up more than 10$/bbl higher in July when US-Iran deal soured and more tankers got attacked at the Strait of Hormuz, particularly at the Omani route."
June GohSenior Oil Market Analyst
June Goh is a seasoned oil professional, with roles spanning Refining, Trading & Supply and Strategy over her 18 years at Shell. She has done refinery scheduling, crude and feedstock optimisation and market analysis for both short term and long term price forecasting.
