Sparta Advances with NVIDIA Inception and Launches Sparta for Crude

[Geneva, April 13th, 2024] – Sparta, the pioneering supplier of reside market intelligence and forecasting options for commodity merchants, proudly pronounces the full-featured launch of Sparta’s newest vertical, Sparta for Crude.

Sparta’s crude vertical has been tailored to satisfy the intricate wants of the crude oil market all beneath one platform.

Sparta for Crude gives an in depth and real-time view of the worldwide crude market, protecting over 70 grades. Enabling merchants to match crude benchmarks in particular areas, assess freight choices, examine refined margins, and perceive pricing impacts on benchmarks akin to Brent and WTI.

Your full pricing answer

Sparta’s reside curves present entry to international pricing data for swaps, futures, bodily premiums, and freight. Accessible from anyplace on the earth by way of an internet browser, Sparta’s cell iOS utility, or Excel.

Industry-leading reside arbitrage

Releasing with over 250 international arb routes, Sparta’s crude vertical gives unprecedented protection of the worldwide crude oil market. In a big enhancement to the Sparta for Crude platform, merchants can now view completely different grades by margin or on a landed foundation.

Crude merchants have traditionally seen completely different grades on a landed foundation, with crudes in the identical high quality classes being in contrast purely on a landed foundation to find out relative worth. This can also be what number of crudes will probably be traded and supplied on a CIF foundation on the vacation spot.

Forward refined margins

Sparta’s Forward Refined Margins allow merchants to immediately decide one of the best crude for every refinery kind and anticipate international commerce flows by evaluating the GPWs of various grades throughout areas in real-time.

Evaluating crude grades in 7 regional hubs in 3 completely different refinery complexities (easy, medium complexity (FCC) and advanced property (full conversion).

Providing correct GPW calculations throughout a variety of consultant refinery areas and setup varieties to supply a worldwide image of relative crude GPW values.

Dirty freight device

Sparta’s Dirty Freight Calculator delivers instantaneous entry to dependable immediate and ahead freight charges for 500 international routes throughout vessel courses. Sparta is the one supplier to supply 12 months’ perception into the ahead market, enabling merchants to barter higher freight charges by aligning delivery prices with market tendencies.

Expanding alternatives

Crude is simply the following step in Sparta’s journey, which can finally lead us so as to add full barrel protection to our platform in the long run. In the quick to medium time period, Sparta will probably be including verticals on a frequent foundation all through 2024.

Book a demo of Sparta for Crude

The Sparta for Crude platform is now out there, and we are going to proceed to roll out enhancements all through April and past. Book a demo to see the platform in motion, and request your reside trial right this moment.