A bearish sentiment is manifest; poor US diesel demand with increasing runs, all diesel arbs pointed at Europe, high North Asian diesel exports
    A bearish sentiment is manifest; poor US diesel demand with increasing runs, all diesel arbs pointed at Europe, high North Asian diesel exports
    News

    A bearish sentiment is manifest; poor US diesel demand with increasing runs, all diesel arbs pointed at Europe, high North Asian diesel exports

    27 March 2024

    In our latest distillate market commentary:
    > USGC diesel arbs open to Europe whilst AG/WCI arbs point there also 
    > Global cracks and spreads exhibit losses with Singapore close to contango 
    > Reducing Russian refinery runs yet to show any real effect on pricing 
    > Diesel weakness set to largely continue, with the start of Asia Pacific turnaround season in May important to monitor here 
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