Monthly EMEA Chart Pack
February 2026
Take a step back with our monthly chart pack, where analysts highlight the most important trends and visuals shaping the oil market in EMEA for the month of January.
Oil Narratives
Crude
Light Ends
Middle Distillates
Residual Fuel Oil
Freight
EMEA Chart Pack: February
Introduction
The February 2026 EMEA Chart Pack shows geopolitics and freight driving the market. US–Iran tensions are supporting Brent and widening naphtha E/W spreads, while Venezuelan heavy-sour flows are tightening HSFO supply in Asia. High tanker rates have restricted WAF arbitrage, WTI Midland remains competitive into Europe, and product markets reflect regional imbalances with gasoline contango and middle distillate support into maintenance season.
Markets remain volatile and largely headline-driven, but we see some interesting opportunities nonetheless, especially on products
Philip Jones-LuxCommodity Owner
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We track the themes shaping oil markets so traders understand why prices are moving, not just that they are.
Clear insight into diesel and jet markets, helping traders stay ahead of shifts in supply and demand.
We bring clarity to sulphur, blending and regional imbalances across fuel oil markets.
A structured view of crude grades, flows and balances, showing how changes ripple across the market.
We help traders stay on top of volatility and flow dynamics across light ends markets.
Freight insight connected directly to pricing, flows and arbitrage decisions.
