In our latest gasoline market commentary:
> The EBOB spread falls into contango at the prompt, but the market revitalises down the curve and new markets appear for EU blenders
> The TA arb continues upward, widening the margin for RBOB August deliveries and indicating that it could also be open for September
> The rebound in cracks from June persists as summer demand emerges as the market anticipates inventory declines by the end of Q3
> The European barrel improves its outlook in external markets, currently being the cheapest option in Peru, displacing the US, and in Kenya, beating the economics of AG
