Rising blending costs in USGC reshape TA arb outlook and arbitrage opportunities to LATAM, while Asian market competitiveness points to further tightening E/W
    Rising blending costs in USGC reshape TA arb outlook and arbitrage opportunities to LATAM, while Asian market competitiveness points to further tightening E/W
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    Rising blending costs in USGC reshape TA arb outlook and arbitrage opportunities to LATAM, while Asian market competitiveness points to further tightening E/W

    30 July 2024

    In our latest gasoline market commentary:
    > US blending costs have seen a prolonged rise, changing the arbitrage landscape, with September arrivals looking to Europe and AG for resupply
    > USGC has been the most competitive for destinations like Brazil, Colombia, and Peru, but September economics now favour Europe, putting downward pressure on the TA arb
    > The E/W spread is likely to continue narrowing in the coming weeks due to improved AG competitiveness in the West
    > The strength of Singapore increases AG's competitiveness in Asian destinations, making it the best option for August deliveries to Pakistan
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