Chemicals Updates

European Gasoline Daily Market Analysis / Gasoline crack, spreads continue to strengthen / Dangote has about two weeks of gasoline in tank: traders

Aug 11, 2025

The European gasoline market was stronger Aug. 8, with margins rising amid a tighter West African market. ENI bid for balance-of-month FOB Med swaps in the Market on Close assessment process, which traded at $697/mt to BGN and set the Med/North differentials at $1.50/mt. In the Northwest European market, sources said blending demand was “robust” despite a lack of trans- Atlantic arbitrage activity. The physical market lacked clarity. “Med is confusing right now, I think for a lot of people,” a trader in the market said. An EGPC tender has reportedly been filled at “very cheap” levels, a gasoline trader said, with Egypt set to buy nine cargoes of about 30,000-35,000 mt of 95 RON gasoline throughout August, basis FOB Med assessments. The European backwardation continued to steepen on the...

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