Driving Discussions: The Gasoline Glut - Markets Out of Balance
Argus Media18 Helmi

Driving Discussions: The Gasoline Glut - Markets Out of Balance

As part of our 5-part series looking into the outlook for refined products in 2026, this episode takes a deep dive into the global gasoline market.

The global gasoline market saw unseasonable strength in the final quarter of 2025, and this episode breaks down what’s behind it. We also discuss how EV adoption, policy shifts, and blending mandates are reshaping demand across key regions, assess the impact of new mega‑refineries on traditional trade flows, and highlight the critical drivers to watch as we move into 2026.

Gasoline cracks surprised to the upside in late 2025, peaking in November across Europe and Asia as widespread refinery maintenance in Asia and the Middle East tightened supply. But moving further into 2026, gasoline cracks are expected to come under pressure from more consistent gasoline supply and lengthening balances, particularly in the Atlantic Basin.

Listen to our market experts, Emma Pike - Gasoline Analyst, George Maher-Bonnett – Deputy Editor and Asill Bardh – Senior Reporter, as they discuss the latest developments shaping the global gasoline market, reflect on how it evolved through 2025, and outline the critical drivers to watch as we move into 2026.

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Chemical Conversations: BTX Market Pressures Amid Middle East Conflict

Chemical Conversations: BTX Market Pressures Amid Middle East Conflict

Santosh Navada speaks with Ashish Kulkarni, Argus’ lead aromatics consultant, to examine how rising conflict in the Middle East is reshaping global BTX flows.   They discuss:   How the conflict has ...

2 Huhti 19min

Metal Movers: How the Iran Conflict is Impacting Steel Markets

Metal Movers: How the Iran Conflict is Impacting Steel Markets

In this episode, Argus analysts examine the implications of Iran‑related geopolitical tensions for ferrous metals markets. The discussion focuses on how regional developments could influence steel pro...

1 Huhti 19min

Falando de Mercado: Potencial do biometano no Sul

Falando de Mercado: Potencial do biometano no Sul

O biometano entra em 2026 sob novas forças de demanda regulatória e com ofertas em expansão, enquanto o mercado ainda define referências de preço e modelos de contratação. É neste contexto que a cidad...

1 Huhti 18min

Fertilizer Matters EP45: Middle East Conflict - Impact on Sulphur & Ammonia Markets

Fertilizer Matters EP45: Middle East Conflict - Impact on Sulphur & Ammonia Markets

Hear Argus’ essential analysis of the impact the Middle East conflict on sulphur and ammonia markets, focusing on production, logistical constraints, price surges across both daily and weekly price as...

1 Huhti 32min

Fertilizer Matters EP44: Chinese Ammonia Market

Fertilizer Matters EP44: Chinese Ammonia Market

Hear Argus’ essential analysis of what’s driving China’s ammonia production expansion and exports surge, where this new Chinese supply is coming from, key export destinations, as well as the impact of...

31 Maalis 10min

Strait Talk: Crisis in the Gulf

Strait Talk: Crisis in the Gulf

At week 5 of the US-Iran war, disruption in the Strait of Hormuz has removed more than 10 million b/d from global supply and pushed oil markets into extreme volatility. In this special edition update,...

31 Maalis 28min

Crude Report: Hormuz disruptions put Canadian export crude in the global spotlight

Crude Report: Hormuz disruptions put Canadian export crude in the global spotlight

John's LI profile: https://www.linkedin.com/in/john-cordner-538059219/ Jeff's LI profile: https://www.linkedin.com/in/jeff-kralowetz-7823299/  In this Crude Report episode, Argus VP of Business Develo...

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Metal Movers: How the Iran Conflict Is Impacting Global Non‑Ferrous Metals Markets

Metal Movers: How the Iran Conflict Is Impacting Global Non‑Ferrous Metals Markets

30 Maalis 34min

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