In our latest distillate market commentary:
> AG/WCI diesel arbs point East whilst the USGC TA arb is closed by high freight rates
> Global diesel cracks, and to a lesser extent spreads, exhibit losses over the past week
> Upcoming turnaround periods in the Middle East, USGC, Europe and Asia Pacific in September/October
> Largely bearish view on global diesel, apart from the USGC, and bullish on jet until we see the arbs reopen
