Gasoil EFS plunges to record low on strength in West

The April Gasoil Exchange of Futures for Swaps spread nosedived 49% in a single trading session to hit record low at minus $52.04/mt at 0830 GMT Asian close on March 1, as supply uncertainty jolted the Western gasoil complex. This marked the lowest level the spread has been assessed on record, since assessments began in May 2009, S&P Global Commodity…