In our latest gasoline market commentary:
> EBOB Oct/Nov timespread increases $6.5/mt from the lows reached in early September, while gas-nap is trading $15/mt higher versus last week
> US market remains under pressure, US gasoline inventories now above last three years values and Europe still pressuring export outlets in LATAM
> Europe is putting downward pressure on the SING 92 complex as well but has lost some appeal recently
> Cheaper freight out of Europe continues to be the main driver behind the strong competitiveness of European exports on both sides of Suez
