Margins hit 2-month low, premiums dip again amid ample supply

29 February 2024 Time to read:  minutes

“..the closure of almost all Asian origin jet arbitrage routes to Europe has contributed to a widening Singapore regrade,” said Sparta’s James Noel-Beswick.

Reuters, February 29, 2024 – James Noel-Beswick from Sparta noted that the closure of nearly all Asian-origin jet arbitrage routes to Europe has contributed to a widening of the Singapore regrade, amid a backdrop of ample supply and weakening middle distillates markets in Asia.

 

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