In our latest gasoline market commentary:
> At attempt to move the TA arb closer to being open was shut down by a rise in EBOB cracks despite continued soft physical pricing
> USGC aggressive pricing has not yet reversed with only one point of stockdraws data not tempting sellers to relax the pressure just yet
> Singapore market in particular looks like it might be a net beneficiary of any prolonged Red Sea disruption, with pressure from cheap Atlantic Basin barrels easing
> Q1 TA arb threatening to move back towards double-digits as tighter US supply forecast on frontloaded maintenance should help strengthen the US complex into the New Year
