Chemicals Updates

Asia and Middle Eastern Gasoline Daily Market Analysis / Iran fires on ships approaching Strait of Hormuz / Pakistan’s Attock halts main CDU on logistics constraints

May 20, 2026

The Asian gasoline market complex strengthened, as Iran was heard firing on ships near the Strait of Hormuz, and tracking gains in the US-RBOB Brent crack following a drop in US gasoline stocks. The US RBOB-Brent crack was pegged at $38.70/b at 0300 GMT April 23, strengthening from the at $35.63/b at the Asian close April 22. The US RBOB-Brent crack strengthened amid a drop in total US gasoline stocks to 228.374 million barrels for the week to April 17, from 232.944 million barrels the week before, US Energy Information Administration data showed. However, total US gasoline supplied, a proxy for demand, fell to 9.055 million barrels/day in the same week from 9.088 million b/d the week before, according to EIA data. Brokers pegged the front-month FOB Singapore 92 RON...

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