In our latest gasoline market commentary:
> Atlantic Basin remains dominated by Houston-origin volumes thanks to recent stockbuilds there
> Singapore cracks and spreads have rebounded strongly since mid-October as export levels yet to ramp back up post maintenance
> EBOB blend margins return positive on fewer arb outlets, with pressure likely to filter through to EBOB physical and paper positions in the coming weeks
> E/W spread can be maintained at current narrow levels for now, but Sing market unlikely to continue strengthening and both EBOB and Sing 92 likely to feel pressure as competition for arbs into Middle East/East Africa takes off over winter
