ResearchMarket2026-10-31
Brent–WTI spread widens to 10.59 dollars; seven-grade transshipment repriced
Brent at 113.498 and WTI at 102.908 push the spread 1.88 dollars wider than October 30; the two legs of delivered cost desynchronize.
Transshipment
SNSUC Research · Tag archive
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Transshipment
Total 13 items
ResearchMarket2026-10-30
Brent–WTI Spread Narrows to $8.71 as Seven-Variety Transshipment Costs Reprice
Brent at $111.58 and WTI at $102.88 put the spread at $8.71, down from the prior session; the seven-grade book reprices delivered cost off Brent plus premium and freight.
ResearchMarket2026-10-29
Brent–WTI Spread Narrows to $8.83, Seven-Grade Transshipment Revised at CIF
Brent $110.23 and WTI $101.40 this morning leave the spread at $8.83, down from $9.60; seven transshipment grades repriced per voyage.
ResearchGlobal2026-10-28
EUR/CNY at 7.4221 lets euro-settled transshipment reprice as CIPS clears euro directly
EUR/CNY at 7.4221 (+0.0742) and EUR/USD at 1.1136 weaken the euro, lowering RMB landed cost of euro-priced transshipment; CIPS euro direct clearing drops the dollar leg, T+2 to T+1.
ResearchMarket2026-10-28
Brent–WTI Spread Widens to $9.60, Seven Transshipment Grades Repriced at Delivered Cost
Brent at 111.301 and WTI at 101.706 push the spread from 9.022 to 9.595. Brent-linked Oman and Dubai delivered quotes need a refresh.
ResearchGlobal2026-10-27
Re-pricing the Yen Leg: At USD/JPY 157.87 the Carry Cost on Transshipment Floating Storage Shifts
USD/JPY 157.87 and USD/KRW 1326.24 weaken vs the dollar while USD/CNY 6.6675 firms; the yen funding leg gets dearer, and USD/JPY above 158 triggers a transshipment funding-currency switch.
ResearchMarket2026-10-27
Brent–WTI Spread Widens to $9.02, Re-pricing Seven-Grade Transshipment Cargoes
Brent settles at $109.94 and WTI at $100.92, pushing the transatlantic spread back above $9. The delivered-and-dutied cost of the seven transshipment grades — ESPO, Dubai, Oman, Urals, Basrah Light, Bonny Light, Lula — edges higher in lockstep, and the window to lock forward FX tightens.
ResearchMarket2026-10-23
Brent-WTI Spread Widens to $13.54 as Seven Transshipment Grades Reprice
Brent-WTI spread reached $13.54/bbl today, forcing a repricing of the seven transshipment grades' delivered quotes while downstream cracks still hold.
ResearchMarket2026-10-22
Brent–WTI spread widens to $12.11 as seven transshipment grades reprice
The Brent–WTI spread printed $12.11 a barrel, widening about $1.13 from the prior $10.98 and reopening arbitrage windows across seven transshipment grades.
ResearchGlobal2026-10-21
RMB, Won and Yen Strengthen Together; Transshipment Landed Cost Revalued in Local Currency
USD/CNY 6.6760, USD/KRW 1324.13 and USD/JPY 158.07 all eased; dollar-quoted landed cargoes cost less in local currency and locked orders reprice to the new rates.
ResearchMarket2026-10-21
Brent–WTI Spread Closes at $10.975 as Seven-Grade Transshipment Landed Costs Repriced
Both crudes firmed and the transatlantic spread tightened about $0.18 from the prior session; the landed and duty-paid model for all seven transshipment grades needs a refresh.
ResearchMarket2026-10-18
Both Crudes Rally: Brent Above $109.9, Spread at $8.08, Listed Basis Climbs to ¥5,388/t
Brent prints $109.93/bbl (+3.78%) and WTI $101.85/bbl (+3.96%); the synchronized move widens the Brent–WTI spread back to $8.08. Applying SNSUC's listing formula Brent × FX × 7.33 × grade (grade 1.0) lifts the delivered basis to ¥5,388/t, forcing a repricing of the seven-grade transshipment quotes.
ResearchMarket2026-10-17
Brent jumps $3.78 as seven-product transshipment landed costs rise across the board
Brent at $109.928 and WTI at $101.846 keep the spread above $8. SNSUC's transshipment list prices off Brent x FX x 7.33 x grade, so the absolute move rewrites every bill of lading.
