The inter-basin arbitrage for US fob loadings in September-February tightened further on Friday, closing for loadings in September-October but remaining open for cargoes later in the winter. Higher European delivered prices — tracking gains at the Dutch TTF gas hub — continued to tighten their discount to northeast Asian des prices on Friday, which held lower than a week earlier, having also slipped along most of the curve on Friday. Rises in prompt spot charter rates in recent days also widened the inter-basin des price differential required to pull fob volumes west via Panama. West of Suez rates for tri-fuel ... (full story)