Chemical Updates

Asia and Middle Eastern Gasoline Daily Market Analysis / India’s gasoline demand rises 0.80% MOM in July / CCR unit at Iran’s Tehran refinery 80% complete

Aug 12, 2026

The Asian gasoline complex strengthened midafternoon trade on Aug. 11, tracking a widening US RBOB Brent crack, while supported by positive demand signals. Indonesian demand for gasoline was heard to be higher in August at about 11 million-12 million barrels, compared with estimates of 9 million-10 million barrels for July, according to a Southeast Asia-based market source. Brokers pegged the front-month FOB Singapore 92 RON gasoline swaps crack spread against Brent swaps at $18.80-$19.00/b midafternoon Aug. 11, widening from the assessment of $17.62/b at the Asian close Aug. 7. Broking sources also placed the physical FOB Singapore 92 RON gasoline crack spread against the front-month ICE Brent crude oil futures at $22.95- $23.05/b midafternoon Aug. 11, up from the of $21.69/b at the Asian close Aug. 7. Meanwhile, market participants...

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