Increasing Chinese distillate exports and continuing Red Sea issues, the GO E/W poised to widen further
    Increasing Chinese distillate exports and continuing Red Sea issues, the GO E/W poised to widen further
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    Increasing Chinese distillate exports and continuing Red Sea issues, the GO E/W poised to widen further

    17 January 2024

    In our latest distillate market commentary:
    > ​Despite the recent diesel strength in Europe, AG/WCI arbs point East
    > ​February's HOGO swap is at its narrowest recorded level as Europe searches for diesel resupply
    > ​India is yet to export a diesel cargo to Europe in 2024
    > ICE GO strength to continue as European demand increases into February
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