Market Outlook
Press

Singapore middle distillates stocks soar to 3-month high as net exports dip

Cross BarrelCrudeDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
Published19 SEP 24 - 10:03 Reading time  minutes

“Calculations taking into consideration Cape routing notably suggest that WCI (and AG) arb routes now target Northwest Europe rather than Singapore,” Sparta’ analyst James Noel-Beswick, said.

Reuters, February 15, 2024 – James Noel-Beswick from Sparta Commodities indicated that the arbitrage window for diesel/gasoil from West Coast India (WCI) and the Arabian Gulf (AG) now targets Northwest Europe rather than Singapore, although high imports into Singapore are expected to continue due to declining regional freight rates.

Read the full article here.

 

Author

Sparta

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Analyst brief
  • Crude

The calm in physical won’t last forever

Plenty market chatter about the incredible weak state of crude diffs with North Sea almost below...

08 MAY 26 - 13:01

  • New
  • Analyst brief
  • Freight

MR ballaster build: supply pressure mounting across key regions

MR ballaster counts have risen sharply over the past two weeks, with the most pronounced moves in...

08 MAY 26 - 10:01

  • New
  • Analyst brief
  • Cross Barrel

Week 17 Pricing Analyst Update – Nadia Riaz – AG – Cross Barrel

Refined oil prices across the Arab Gulf continued to rise as escalating tensions between the US and...

08 MAY 26 - 09:48

  • New
  • Analyst brief
  • Freight

TC2 morning update: vessel supply tightens to 9, seven gasoline fixtures yesterday, fundamentals outpacing sentiment

NWE MR prompt tonnage has tightened to 9 ships against a 90-day moving average of 14, with...

08 MAY 26 - 09:43

subscribe_cta_image

Real time alerts, set to your specifications

Subscribe