Closed arbs persist even as EU molecule ban looms
Commentary summary:
• Most middle distillate arbs to European destinations shut, with the major ones shut off for weeks now. Arrivals should soon fall.
• Russian molecule ban may do limited damage to flows into Europe as a stand-alone factor, but every little helps.
• Reduced incentives to blend jet into diesel help tighten up Asian diesel markets further going forward.
Neil Crosby is an experienced energy market and commodity analyst, specialising in crude oil, oil products, biofuels, and carbon. With roles at OilX and JBC Energy, he has extensive expertise in global oil industry analysis, forecasting tools, bespoke research, and client communication. His focus on refining and petrochemicals underscores his specialisation.
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