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.