In our latest distillate market commentary:
> Global cracks and spreads rebound and outstrip losses of previous week
> Global cracks and spreads rebound and outstrip losses of previous week
> Middle East arbs point to Europe whilst USGC barrels struggle to find homes
> European GO long positions increase by 4 million bbls whilst US diesel length decreases by 1 million bbls this week
> Both ULSD and Jet E/W to narrow in the short to medium term as Singapore region tightness starts to be felt further
