In our latest distillate market commentary:
> USGC arbs into Europe continue their recent primacy
> USGC arbs into Europe continue their recent primacy
> August ICE GO cracks move to their highest since pre-Russian sanctions partially on the back of continuing European refinery issues, with SG10 and HO cracks largely following suit
> Crude flat price rallies from $79 to $83.5/bbl on the back of OPEC+ cuts; money managers continue to build length in Brent crude futures and options
> Rumours of Chinese economic stimulus measures to be announced shortly
