In our latest gasoline market commentary:
> Singapore gasoline’s competitiveness in Asia giving way to returning Middle East supply for May deliveries
> High Singapore stocks, cheap inbound South Korean and Chinese components to keep west Mexico a viable outlet through June
> Closed T/A arb to remain in place, quelled by high PADD 1 stocks; strong US summer demand needed to reopen
> EBOB, Singapore cracks should continue to come off recent highs as turnarounds ebb
