In our latest distillate market commentary:
> USGC ULSD arb to Europe closes as AG and Red Sea arbs point firmly to EuropeHO, GO & Singapore GO spreads come off at the front this week but all remain in backwardation
> USGC ULSD arb to Europe closes as AG and Red Sea arbs point firmly to EuropeHO, GO & Singapore GO spreads come off at the front this week but all remain in backwardation
> What effect will the recent political disruptions have on Russian ULSD/GO exports?
> South Korean refineries, Yeosu and Ulsan, return from turnarounds in June/July
> With Singapore ULSD under pressure and Europe showing some signs of tightness expect widening pressure on the E/W ULSD
