In our latest distillate market commentary:
> 2024 AG and WCI point eastwards from Feb-24
> December 2023's Singapore regrade reaches +$2.0 /bbl, the highest position recorded since 2016
> Japanese jet/kero stocks appear healthy for this time of year with a warmer than average Q1 2024 looming although, Japanese refinery runs continue to lag
> USGC MR freight rates continue to surge upwards
> The surge in Singapore regrade appears overdone
