HOGOs narrow steeply, all arbs into Europe appear closed whilst Singapore prices up; reflected in slight narrowing of the East West
    HOGOs narrow steeply, all arbs into Europe appear closed whilst Singapore prices up; reflected in slight narrowing of the East West
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    HOGOs narrow steeply, all arbs into Europe appear closed whilst Singapore prices up; reflected in slight narrowing of the East West

    27 September 2023

    In our latest distillate market commentary:

    > All arbs into Europe appear closed until Q2 2024 
    > October's ICE GO crack falls from +$36.50 to +$33.50 /bbl in the last week, partially due to the large amount of Eastern diesel arrivals 
    > ​RVO at its lowest level since December 2021, dragging HOGOs lower 
    > ​ICE GO cracks and spreads to reverse their losses of the past week and open Q4 arbs into Europe 
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