Distillates are pulling biofuels into the center of the energy crisis
Screen heat cracks near $72/bbl, screen 3:2:1 cracks near $60/bbl and Jun/Dec ICE gasoil still at +$264/mt after May expiry continue to reprice diesel, jet fuel and biofuels together
May ICE gasoil expired today, but the market did not normalize afterward. June gasoil settled near $1,223/mt while December closed near $959/mt, leaving the Jun/Dec structure at +$264/mt backwardatio…
