The CPP market is witnessing varying degrees of arbitrage across key routes as indicated by the current data. Notably, the gasoline arbitrage from the Arab Gulf to NW Europe is significantly positive, while other routes such as NW Europe to USAC are closed.
Diesel arbitrages show mixed results; the US Gulf to NW Europe is closed, while the Arab Gulf to NW Europe reflects an open arbitrage opportunity. Market dynamics are further affected by fluctuations in freight rates, with potential shifts in demand expected as geopolitical tensions persist in the region, impacting global supply chains and pricing strategies.