In our latest distillate market commentary:
> Low Chinese refined product quotas turn Middle Eastern arbs East
> January's GO E/W has narrowed in the last fortnight, moving from -$26 to -$16/mt
> Announcement of China's refined product exports set at 19 million tons, far below the market's anticipated 30 million tons
> Global cracks to move up from current positions into Q1 2024, especially in the Atlantic Basin
