In this special bonus episode of Sparta Market Outlook Podcast, host @Rachel welcomes guest @Julien Mathonnière, Oil Market Economist at @Energy Intelligence, along with Sparta’s @Neil and @Phil, to discuss key macroeconomic indicators, the energy transition, and long-term oil demand trends through 2025 and beyond. Topics include the peaking of diesel demand, China’s rapid transition (e.g., LNG trucks, EV adoption), and India’s growing demand amid policy and sanction risks.

(03:00) Fundamentals of Tracking Oil Demand (05:00) IEA vs. OPEC: Polarised Demand Forecasts (08:51) Discrepancies Between IEA and OPEC (11:50) Demand Forecasting (16:25) Short-Term vs. Long-Term Demand Forecasts (24:30) State of the Gasoil Market (27:55) Regional Focus: India, China & Unexpected Trends (31:30) China (35:00) The Role of Renewables & EVs (40:55) Wrap-Up & Key Takeaways

In this episode of the Sparta Market Outlook Podcast, host Rachel Williams, joined by analysts Neil and Phil, analyse natural gas prices, cold weather and the potential impact of geopolitical events, such as Trump-Putin talks. We delve into strong refinery margins, healthy gasoil cracks, seemingly very tight residue markets, a glut in light crude in the Atlantic Basin. We set out our trades for the physical market going forward.