Monthly EMEA Chart Pack
September 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: September
Introduction
The Saudi East-West pipeline attack is reshaping European refining margins, pushing NWE values sharply higher while Asian margins slip. HOGO has dropped hard on US diesel export ban talk, with parity now in sight. VLCC freight is bullish for a third straight month on TD3c and TD22. Traders should watch pipeline repair progress and export ban headlines closely this week.
"The main message is simply to 'follow the trend'. Almost all the major price moves (crude, European diesel and gasoline cracks, VLCC freight rates) have extended gains this month."
Jay MarooHead of Product Experts
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