Low ULSD inventory in US/Europe but also low demand, AG ULSD arbs continue to point West

In our latest gasoline market commentary:> Prompt TA arb springs back to life on the back of tight PADD-1 fundamentals

In our latest distillate market commentary:> ​USGC ULSD arb to Europe closes as AG and Red Sea arbs point firmly to EuropeHO, GO & Singapore GO spreads come off at the front this week but ...

In our latest gasoline market commentary:> Gasoline market exhibiting signs of weakness on both cracks and spreads

In our latest distillate market commentary:> AG/WCI arbs, and briefly this week TA arbs, point to Europe

In our latest distillate market commentary:> AG/WCI ULSD arbs continue to point at Singapore

In our latest gasoline market commentary:> Narrowing TA is closing opportunities for ARA barrels into LatAm, but prompt TA has reopened

In our latest gasoline market commentary:> TA Arb closes as rising MR freight rates shut down the opportunity for non-refiner barrels