In our latest distillate market commentary:
> European distillate strength, on the back of Red Sea issues, has uplifted spreads and cracks
> As such, the GO E/W has reversed its widening trend and Middle Eastern arbs now point firmly West
> Yemen's Houthi rebels have escalated attacks on ships passing through the Red Sea, with an effect on some ship owners’ route choices
> With the US making efforts to secure shipping passing through the Red Sea, the upward move now appears a little overdone
