In our latest distillate market commentary:
> Middle Eastern diesel arbs turn East, margin wise, and away from NWE
> Both the HOGO (helping to open arbs from the US) and GO E/W narrow (turning Middle Eastern arbs away from Europe)
> Chinese crude run reductions and Russian maintenance in September
> Both diesel and jet are bearish in the short term but there is room for optimism in the medium term as we approach mid-Autumn
