In our latest gasoline market commentary:
> EBOB and RBOB backwardation decreases due to a lack of European export outlets
> Significant drop in Europe freight rates have realigned the market, creating new opportunities from Europe
> Europe is currently the cheapest option for supplying Nigeria, despite tight margins, freight correction has placed EU as the best option above Singapore
> The E/W gasoline spread continues to push for greater arbitrage from East to West, and AG to NYH arbitrage remains viable via the Cape of Good Hope
