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East/West Ignition

Eastern gasoline leads the rally, the East/West flips positive, selling in deferred EBOB cracks
Published: March 9, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
14 page report
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Eastern gasoline saw a meteoric rally last week following concerns around Middle East supply disruptions amid the closure of the Strait of Hormuz. Compounding the bullish sentiment was China asking its refiners to suspend gasoline and diesel exports, while Thailand banned gasoline exports from 01 Mar. Strength was led by the 92 crack, where the Apr'26 contract surpassed $24/bbl.

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