Europe receives large Eastern flow, whilst global cracks and spreads move up on refinery and hurricane fears

In our latest distillate market commentary:

> Red Sea, AG and WCI arbs point firmly to Europe, with all appearing open at the very front

> October's ICE GO Cracks move from +$33 to +$37.75 /bbl, a trend followed globally 

> China's refined product exports in August reach a six-month high stoking continuing fears about the Chinese economy  

> ​E/W and HOGOs to remain wide, Europe and US in continuing need of resupply on the back of low stocks as we approach winter