Market Outlook
Diesel margins soften on ample supplies
Published08 MAY 24 - 08:57
Reading time
minutes
“US diesel arbitrages remain closed to Europe, while East of Suez arbitrages either point mostly eastward or remain shut to Europe, indicating reduced diesel arrivals in the European market,” said James Noel-Beswick of Sparta.
Reuters, May 8, 2024 – Diesel margins in Northwest Europe continued to recover, with barge margins increasing by 70 cents to about $18.38 a barrel. James Noel-Beswick from Sparta noted that U.S. diesel arbitrages to Europe remain closed, and East of Suez arbitrages are directed eastward or closed to Europe, suggesting fewer diesel imports into Europe.
Real time alerts, set to your specifications
Continue reading
The Med splits
Atlantic naphtha tightens on Russian outage and Brazilian ethanol shift, while deferred MOPJ spreads keep E/W afloat.
07 AUG 26 - 06:44
EBOB firms on Russian strikes, prompting Asian competition into South Africa.
Global gasoline spreads have rebounded on the day, led by EBOB in the Aug/Sep, with lesser gains...
07 AUG 26 - 06:14