In our latest distillate market commentary:
> Only Red Sea and EC Canada diesel arbs point to Europe whilst South Korean and WCI arbs point strongly to Singapore
> This week has seen a continued growth in global diesel cracks and spreads whilst global jet regrades came off further
> Substantial increases in bullish positions in European gas oil and U.S. diesel over the past week
> There is little reason to believe the upward movements in ICE GO and HO cracks and spreads will stop unless we see substantive changes in the geopolitical situation in the Middle East
