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Aromatics News as on 21-Jul-2026 / Asia and Middle Eastern Gasoline Daily Market Analysis / Indonesian demand heard stable / China’s Aug export levels remain unconfirmed / The Asian gasoline complex strengthened July 20, amid consistent demand heard from / Indonesia, the region’s largest gasoline importer. Pertamina issued a slew of tenders, / August. The US RBOB-Brent crack was pegged at $53.94/ barrel at 0300 GMT July 20, up from / the assessment of $52.90/b at the July 17 Asian close. Brokers pegged the front-month FOB / Singapore 92 RON gasoline swaps crack spread with Brent swaps in the $21.40-$21.45/b / the physical FOB Singapore 92 RON gasoline crack against front-month ICE Brent crude oil / until Ukraine’s recent drone campaign damaged much of its downstream infrastructure, may / Singapore Gasoline Rationales & Exclusions / Gasoline Unl 92 FOB Spore Cargo <PGAEY00> assessment rationale: The FOB Singapore 92 / 4-8 at Mean of Singapore 92 RON plus $2.25/b at $111.84/b, a bid for a cargo loading over / for a cargo loading over Aug. 10-14 at $111.46/b. Gasoline Unl 95 FOB Spore Cargo / <PGAEZ00> assessment rationale: The FOB Singapore 95 RON gasoline assessment July 20 / took into consideration the previous day’s 95/92 inter-RON spread in the absence of bids, / offers and trades. Gasoline Unl 97 FOB Spore Cargo <PGAMS00> assessment rationale: The / Gulf Cargo <AAGJA00> assessment rationale: The FOB Arab Gulf 92 RON gasoline cargo / assessment was derived as a freight netback from the FOB Singapore 92 RON marker using / the following calculation: FOB Singapore 92 RON assessment minus the cost of transporting / No market data was excluded from the Asian gasoline Market on Close assessment process / July 20. No market data was excluded from the Asian gasoline derivative MOC process July / FOB Fujairah Gasoline Daily Rationale & Exclusions / Gasoline 92 RON FOB Fujairah cargo <RFJFS00> assessment rationale: The assessment of FOB / in the FOB Fujairah 92 RON gasoline Market on Close assessment process. The MOPAG 92 / RON gasoline strip is calculated from the August MOPAG 92 RON gasoline swap at $101.64/b / and the September MOPAG 92 RON gasoline swap at $96.04/b. The cash differential took into / Gasoline 95 RON FOB Fujairah cargo <AFUJA00> assessment rationale: The assessment of FOB / Fujairah 95 RON gasoline July 20 took into consideration the 95 RON gasoline MOPAG strip / in the absence of bids, offers and trades in the FOB Fujairah 95 RON gasoline MOC. The / MOPAG 95 RON gasoline strip is calculated from the August MOPAG 95 RON gasoline swap / at $104.22/b and the September MOPAG 95 RON gasoline swap at $98.28/b. The cash / in the Middle East. Exclusions: No market data was excluded from the Asian gasoline MOC

Aromatics News as on 21-Jul-2026 / Asia and Middle Eastern Gasoline Daily Market Analysis / Indonesian demand heard stable / China’s Aug export levels remain unconfirmed / The Asian gasoline complex strengthened July 20, amid consistent demand heard from / Indonesia, the region’s largest gasoline importer. Pertamina issued a slew of tenders, / August. The US RBOB-Brent crack was pegged at $53.94/ barrel at 0300 GMT July 20, up from / the assessment of $52.90/b at the July 17 Asian close. Brokers pegged the front-month FOB / Singapore 92 RON gasoline swaps crack spread with Brent swaps in the $21.40-$21.45/b / the physical FOB Singapore 92 RON gasoline crack against front-month ICE Brent crude oil / until Ukraine’s recent drone campaign damaged much of its downstream infrastructure, may / Singapore Gasoline Rationales & Exclusions / Gasoline Unl 92 FOB Spore Cargo <PGAEY00> assessment rationale: The FOB Singapore 92 / 4-8 at Mean of Singapore 92 RON plus $2.25/b at $111.84/b, a bid for a cargo loading over / for a cargo loading over Aug. 10-14 at $111.46/b. Gasoline Unl 95 FOB Spore Cargo / <PGAEZ00> assessment rationale: The FOB Singapore 95 RON gasoline assessment July 20 / took into consideration the previous day’s 95/92 inter-RON spread in the absence of bids, / offers and trades. Gasoline Unl 97 FOB Spore Cargo <PGAMS00> assessment rationale: The / Gulf Cargo <AAGJA00> assessment rationale: The FOB Arab Gulf 92 RON gasoline cargo / assessment was derived as a freight netback from the FOB Singapore 92 RON marker using / the following calculation: FOB Singapore 92 RON assessment minus the cost of transporting / No market data was excluded from the Asian gasoline Market on Close assessment process / July 20. No market data was excluded from the Asian gasoline derivative MOC process July / FOB Fujairah Gasoline Daily Rationale & Exclusions / Gasoline 92 RON FOB Fujairah cargo <RFJFS00> assessment rationale: The assessment of FOB / in the FOB Fujairah 92 RON gasoline Market on Close assessment process. The MOPAG 92 / RON gasoline strip is calculated from the August MOPAG 92 RON gasoline swap at $101.64/b / and the September MOPAG 92 RON gasoline swap at $96.04/b. The cash differential took into / Gasoline 95 RON FOB Fujairah cargo <AFUJA00> assessment rationale: The assessment of FOB / Fujairah 95 RON gasoline July 20 took into consideration the 95 RON gasoline MOPAG strip / in the absence of bids, offers and trades in the FOB Fujairah 95 RON gasoline MOC. The / MOPAG 95 RON gasoline strip is calculated from the August MOPAG 95 RON gasoline swap / at $104.22/b and the September MOPAG 95 RON gasoline swap at $98.28/b. The cash / in the Middle East. Exclusions: No market data was excluded from the Asian gasoline MOC

Jul 21, 2026

signaling stable demand from the country, a Southeast-Asia based market participant said. Market participants continued to hold reservations about Chinese gasoline export levels for range at 0300 GMT, up from $20.53/b at the July 17 Asian close. Broking sources also placed futures in the $22.15-$22.20/b range at 0300 GMT, largely stable from the of $22.22/b at the July 17 Asian close, the data showed. Elsewhere, Russia, a major exporter of refined products soon receive its first cargo of Indian gasoline, as its growing fuel shortage has it scrambling for supplies from abroad, reported previously. RON gasoline assessment July 20 took into consideration a bid for a cargo loading over Aug. Aug. 9-13 at $111.40/b, a bid for a cargo loading over Aug. 15-19 at $111.20/b and an offer FOB Singapore...

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