Distillate: European jet pressured by open arb from Asia

摘要

European CIF cargo differential swaps for jet fuel are coming under pressure, as a combination of poor storage economics and an opening arbitrage from Asia result in increased supplies, sources said Wednesday. "Singapore jet has been falling, opening the arbitrage from Asia," one jet trader said, adding that there are a lot of long positions in NWE which traders are trying to get out of.