The latest episode of the Sparta Market Outlook podcast the team looks at the impact of U.S. trade policies and geopolitical tensions. The team discuss the recent tariff developments involving China, Canada, and Mexico, emphasising their limited immediate effect on crude flows but highlighting potential long-term disruptions, particularly with the EU.
They also analyse the evolving crude market, noting shifts in price spreads and arbitrage opportunities, particularly between WTI, Brent, and Dubai. Discussions extend to refined products, where European gas oil is identified as potentially overvalued, and gasoline markets show volatility due to changing trade flows and high shipping costs. The episode concludes with insights into weather patterns affecting fuel demand and refining margins, reinforcing the theme of market uncertainty in an era of geopolitical shifts.
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