Monthly EMEA Chart Pack
July 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
Middle Distillates
Light Ends
Freight
EMEA Chart Pack: July
Introduction
Brent has climbed over $20/bbl in under a month as Iran-US tensions sour and Houthi threats hit Saudi Red Sea shipping, putting risk-on back across the barrel. Naphtha E/W has blown out past $100/mt in the prompt as AG supply is cut a second time, and diesel keeps outperforming gasoline. Freight (TD3C at WS 350-400) still looks undervalued if Cape rerouting adds tonne-miles. Jay Maroo's July Europe Chart Pack has the detail.
"In less than one month Brent has climbed almost $20/bbl, yet there is still good reason to be bullish diesel."
Jay MarooHead of Product Experts
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