Monthly EMEA 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 in the Americas for the month of February.
Oil Narratives
Crude
Freight
Middle Distillates
Light Ends
EMEA Chart Pack: August
Introduction
Global refinery margins are splitting west from east: Europe holds near its 2026 peak while Southeast Asia falls on higher freight and weaker Asian product prices. VLCC rates have hit record levels, with TD3c now above March's war peak on genuine spot tightness. E/W diesel and gasoline swaps have sold off hard, breaking the 380 EW's two-month bull run, with a September floor in sight.
"We are beginning to see the cracks in this story (pun intended) - as the gap in refinery margins across regions is growing."
Jay MarooHead of Product Experts
Jay Maroo is the Head of Product Experts at Sparta Commodities covering cross-barrel global analysis. Having previously held senior roles at Brevan Howard and Vortexa, Jay is experienced in oil & shipping markets research and building analytics capabilities across global teams.
