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Please note that, due to a Bank Holiday in the UK, our Naphtha and Gasoline reports will not be published on 4th May 2026. All other reports will be published in the first week of May as normal.

Europe Underperforms

The M1 RBOB swap crack has been rangebound in the week ending 19 Jan, with prices hovering in the $12.80/bbl handle....
Published: January 19, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
14 page report
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The M1 RBOB swap crack has been rangebound in the week ending 19 Jan, with prices hovering in the $12.80/bbl handle. Last week, RBBRs witnessed a wave of bearish sentiment amid a significant build in US gasoline stocks (of nearly 9mb), which filtered into bearish sentiment in EBOB..

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