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The FOB Singapore 10 ppm gasoil cash differential fell to a six-month low, at a discount of 31 cents a barrel. Weak East-West arbitrage economics and softer Asian and Northwest European demand contributed to the drop.
Weak Asian gasoil values and shut arbitrage lanes point to softer diesel demand in the region, which can weigh on diesel-linked freight and energy costs.
spglobal.comAmy Tan, Shu ling Lee, Ernest PueyNov 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
