Lowest ARA gasoil stocks this year, E/W to reverse recent narrowing as WCI barrels, on paper, point to Singapore

In our latest gasoline market commentary:

In our latest naphtha market commentary:> Bearish week on the OSN paper markets following Asian arb reduction and a weak petrochemical outlook

In our latest distillate market commentary:> Middle Eastern arbs point West with some flow transatlantic, even from Europe

In our latest naphtha market commentary:

In our latest naphtha market commentary:> Heavy naphtha differentials strengthen worldwide

In our latest distillate market commentary:> Global cracks and spreads rebound and outstrip losses of previous week  

In our latest gasoline market commentary:> TA arb remains extremely shut through September and is now also closed for ARA blenders through the remainder of 2023 

In our latest distillate market commentary:> EoS arbs point to Europe, increased HOGOs have closed the TA arb 

In our latest naphtha market commentary:> Asia remains the market-leading region as globally, naphtha prices continued to strengthen this week, further widening the backwardation by $1/mt to c...