Commodity Price Spreads
Compare published differences between named markets, products and contracts. Each spread retains its own unit, tenor and observation date; a positive or negative value describes that relationship rather than a complete delivered trading margin.
Active Spread Valuations
Gasoil EFS, HSFO East–West and Rotterdam Hi-5 from the latest published observations
| Spread Indicator | Contract Month | Value | Unit | Change | Assessment Date |
|---|---|---|---|---|---|
| Gasoil EFS — London | Nov26 | -154.02 | USD/mt | +3.70 | 21 Oct 2026 |
| HSFO 380 Singapore / Rotterdam | Nov26 | +105.00 | USD/mt | -8.00 | 21 Oct 2026 |
| Rotterdam Marine Fuel 0.5% / 3.5% | Nov26 | +60.50 | USD/mt | -3.75 | 21 Oct 2026 |
Crude price differentials
Published differentials retain the source benchmark, closing time and pricing basis. They are not independently weighted evidence for the outright assessment.
| Basis | Date | USD/bbl |
|---|---|---|
| Urals Baltic differential vs Mediterranean Dated strip · London 16:30 | 2026-10-21 | -19.400 |
| Basis | Date | USD/bbl |
|---|---|---|
| Urals Novorossiysk Suezmax differential vs Mediterranean Dated strip · London 16:30 | 2026-10-21 | -25.600 |
| Urals Novorossiysk Aframax differential vs Mediterranean Dated strip · London 16:30 | 2026-10-21 | -25.600 |
| Basis | Date | USD/bbl |
|---|---|---|
| ESPO M1 differential vs Dubai swap M2 · Singapore 16:30 · benchmark 2026-12 | 2026-10-21 | 7.400 |
| ESPO M2 differential vs Dubai swap M3 · Singapore 16:30 · benchmark 2027-01 | 2026-10-21 | 7.400 |
| Basis | Date | USD/bbl |
|---|---|---|
| CPC Blend Suezmax differential vs CPC Dated strip · London 16:30 | 2026-10-21 | -30.790 |
| CPC Blend Aframax differential vs CPC Dated strip · London 16:30 | 2026-10-21 | -26.445 |
| Basis | Date | USD/bbl |
|---|---|---|
| Azeri Light Aframax differential vs BTC Dated strip · London 16:30 | 2026-10-21 | -2.775 |
| Azeri Light Suezmax differential vs BTC Dated strip · London 16:30 | 2026-10-21 | -5.395 |
| Basis | Date | USD/bbl |
|---|---|---|
| WTI Midland / AGS differential Published AGS differential · Houston 13:30 | 2026-10-21 | -9.780 |
Reading spreads consistently
A spread is a difference between the named assessments or contracts. Preserve the published sign: a negative reading means the first leg is below the second under the series convention. A change in a spread is not the percentage change of either commodity.
Compare the same tenor and unit. Balance-of-month and M1 are different periods; USD/bbl and USD/mt require a product-specific conversion before comparison. The tables show CommodityScope spread assessments and do not independently reconstruct unspecified legs.
Each row carries its observation date. Updates from different reports need not be simultaneous. A quoted spread alone does not establish a tradable arbitrage after freight, financing, taxes and handling costs. See the linked series for the available history and unresolved contract specifications.
Sources and methodology