Energy outlook
Sour crude differentials remain firm as Atlantic Basin refiners rebuild runs after turnaround season, while middle distillate cracks hold above five-year averages.
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Market Insights
What our desk is watching across energy, freight and commodity markets, published for partners and counterparties.
Freight and tonnage
VLCC availability east of Suez continues to tighten. We advise counterparties to fix delivery windows earlier in the month to avoid premium rates.
Commodities
Copper and manganese demand from battery and steel supply chains stays resilient; agricultural flows are more sensitive to currency and freight than to production this quarter.
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Detailed weekly notes, price decks and cargo availability lists are shared with active counterparties on request through our contact desk.
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