The HOGO really looks like a buy, could global jet be finding its floor?
Commentary summary:
• AG/WCI diesel arbs point East, whilst USAC TA diesel arbs increase in number.
• Sing diesel spreads and cracks flat whilst HO and ICE GO exhibit gains.
• Ukrainian attacks on Russian refineries continue to have a large effect on the global distillate markets.
• The HOGO, HO and ICE GO appear to have quite convincing bullish arguments.
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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