Current arbitrage opportunities for refined products demonstrate mixed conditions across various routes. Gasoline from Northwest Europe to USAC presents a lucrative arbitrage, while Gulf routes to Europe and the Mediterranean continue to record significant arbs while the Strait of Hormuz remains effectively closed.
Conversely, diesel trades from the US Gulf to Northwest Europe is registering a negative arbitrage. Amid fluctuating global demand and geopolitics, volatility remains a key risk factor influencing trade flows, particularly as tensions linger in major supplying regions.