In our latest gasoline market commentary:
> EBOB has been strengthening vs US and Asia, but open blend margin in March and limited Eastern outlets should keep further increases in check
> The spread between European gasoline and diesel values have narrowed, offering a little more supply also from refiners in the coming weeks
> In Asia, blenders in Singapore are looking at increasing opportunities to supply destinations into the Middle East and the Americas, limiting further widening of the E/W spread
> Despite USGC supply expected to pick up through March, April-delivery Arbs into Latin America continue to look to ARA