# Unviable East-West arbitrage pushes Singapore ULSD differential to six-month low | S&P Global

> 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.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/33352-unviable-east-west-arbitrage-pushes-singapore-ulsd-differential-to-six-month
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/112223-unviable-east-west-arbitrage-pushes-singapore-ulsd-differential-to-six-month-low

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.