Europe and Asia to US gasoline arbs are emphatically closed, despite steady freight, as gasoline prices in the US soften from recent highs.
By contrast, diesel arbs remain either open or only marginally closed, with diesel prices across the world still extremely high, with the IEA even warning that prices could soon rise again amid such a strong tanker freight market.
By contrast, jet fuel arbs remain open, while naphtha arbs to the Far East remain emphatically shut.