Current market conditions for refined product arbitrage indicate a mixed landscape characterised by significant variances across routes.
The gasoline arbitrage from NW Europe to USAC is open, while diesel from the US Gulf to NW Europe is now the main diesel arbitrage that is closed. Margins remain robust for several routes from the Arab Gulf - unsurprisingly - with gasoline to NW Europe and to the Mediterranean above USD 100 per T.
The ongoing geopolitical tensions and fluctuating demand levels continue to create volatility in these markets.