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