In our latest gasoline market commentary:
> Narrowing TA is closing opportunities for ARA barrels into LatAm, but prompt TA has reopened
> Narrowing TA is closing opportunities for ARA barrels into LatAm, but prompt TA has reopened
> Gas-nap spreads widening is the main driver for open blend margins, and these levels are likely to roll down the curve through the rest of summer as well
> Manufacturing remains under pressure, with the petchem complex unable to provide any meaningful support for naphtha cracks in the foreseeable future
> Gasoline cracks will struggle to maintain their current highs as volumetric supply floods in from blending activity
