The refined products arbitrage landscape has seen diverse trends, with key highlights including the open gasoline arbitrage from Northwest Europe to USAC and Asia to Mexico.
Diesel and gasoil arbitrages exhibited varied activity, with USG to the Med and NW Europe to the USAC remaining open.
The volatility also persists in jet fuel arbitrage opportunities, particularly from the Arab Gulf to Northwest Europe and the Mediterranean. Geopolitical factors, including tensions in the region, continue to exert influence on market dynamics, pushing shipping costs upward and altering established trade patterns.