European strength briefly opens the TA arb whilst Chinese gasoil and Russian diesel export ban weighs on the East/West
    European strength briefly opens the TA arb whilst Chinese gasoil and Russian diesel export ban weighs on the East/West
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    European strength briefly opens the TA arb whilst Chinese gasoil and Russian diesel export ban weighs on the East/West

    21 September 2023

    In our latest distillate market commentary:

    > TA arb briefly opened this week whilst AG/WCI arbs continue to point West 
    > October E/W narrowing slightly this week, from -$38 to -$36.75 /mt 
    > ​China to issue further refined fuel export quotas in Q4 2023 whilst Russia temporarily bans diesel exports 
    > ​HO and GO cracks to strengthen relative to Singapore cracks resulting in a widening or stabilization of the E/W 
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