Flux Markets | East/West Ignition Skip to main content

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
Share

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.

Premium Content

To continue reading this page, please login or find our about our subscription options.

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Donna Dong

Research Analyst, Flux
Donna Dong

Related News

Brent declines as Oman says ships may pay fees to transit Strait of Hormuz

Brent slips as Hormuz fee talk Aramco restarts loadings Iran offers discounted crude Kazakhstan cuts gas after Orenburg strike

Brent falls below $73/bbl, Russia considers banning diesel exports

This morning Sep’26 Brent crude futures came off from the $76/bbl level, falling to $72.70/bbl and is testing the lows of yesterday...

Brent remains at pre-war levels on easing supply tightness

The Aug'26 Brent futures contract has seen better support this afternoon and climbed from $72.67/bbl at noon to $74.85/bbl at 16:17 BST....

Brent spread contango, and Iraq threatens to leave OPEC

Brent softens as supply concerns ease; Iraq quota dispute and Iran flows in focus, while prompt Brent spreads are in contango.