HOGOs narrow steeply, all arbs into Europe appear closed whilst Singapore prices up; reflected in slight narrowing of the East West

In our latest gasoline market commentary:

In our latest naphtha market commentary:> Europe leaves behind negative physical premiums, pulling more MED OSN barrels and increasing spreads and cracks on a stronger market 

In our latest distillate market commentary:> TA arb briefly opened this week whilst AG/WCI arbs continue to point West 

In our latest gasoline market commentary:

In our latest naphtha market commentary:> A rise in physical premiums for heavy specs in NYH has opened the TA arb out of ARA, despite a solidly shut RBOB arb on the same route 

In our latest naphtha market commentary:> A rise in physical premiums for heavy specs in NYH has opened the TA arb out of ARA, despite a solidly shut RBOB arb on the same route 

In our latest distillate market commentary:> Red Sea, AG and WCI arbs point firmly to Europe, with all appearing open at the very front

In our latest gasoline market commentary:

In our latest naphtha market commentary:> Prompt spread in Europe and Asia has flipped to contango after a bullish summer supported by gasoline strength