Gasoil premiums, margins erase gains since Sep
Asia's 10 ppm sulphur gasoil margins and premiums fell for a fourth consecutive day amid continued thin spot activity.
Cash differentials (GO10-SIN-DIF) fell to $1.31 a barrel, a new low since mid-September.
Refining margins (GO10SGCKMc1) for 10 ppm sulphur gasoil slipped by more than $1 a barrel to $29.56 a barrel, erasing all gains since second-half September.
Jet fuel refining margins (JETSGCKMc1) closed the session at $25.86 a barrel, lower by more than $2 a barrel day on day.
Regrade (JETREG10SGMc1) widened at minus $3.70 a barrel.
SINGAPORE CASH DEALS
- No gasoil or jet fuel deal.
INVENTORIES
- U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Distillate stockpiles (USOILD=ECI), which include diesel and heating oil, rose by 6.2 million barrels in the week to 118.8 million barrels, versus expectations for a 2.2 million-barrel rise, the EIA data showed.
- Middle distillates onshore inventory volumes in Singapore held by up to 14 major oil and oil storage companies fell to 3-week low of 7.066 million barrels, data from Enterprise Singapore showed on Thursday.
NEWS
- Oil prices rebounded on Thursday amid optimism over China's easing of anti-COVID measures, recouping losses after slumping to the lowest levels so far this year in the previous session.
- The Abu Dhabi National Oil Company (ADNOC) said on Thursday it had set the January official selling price (OSP) of its benchmark Murban crude at $90.90 a barrel. The December OSP was $93.53 a barrel.
PRICES
MID-DISTILLATES | |||||
CASH ($/T) | ASIA CLOSE | Change | % Change | Prev Close | RIC |
Spot Gas Oil 0.5% | 96.09 | -3.71 | -3.72 | 99.8 | (GO-SIN) |
GO 0.5 Diff | -6.13 | -0.07 | 1.16 | -6.06 | (GO-SIN-DIF) |
Spot Gas Oil 0.25% | 101.05 | -3.71 | -3.54 | 104.76 | (GO25-SIN) |
GO 0.25 Diff | -1.17 | -0.07 | 6.36 | -1.1 | (GO25-SIN-DIF) |
Spot Gas Oil 0.05% | 103.34 | -4.06 | -3.78 | 107.4 | (GO005-SIN) |
GO 0.05 Diff | 1.12 | -0.42 | -27.27 | 1.54 | (GO005-SIN-DIF) |
Spot Gas Oil 0.001% | 103.54 | -4.03 | -3.75 | 107.57 | (GO10-SIN) |
GO 0.001 Diff | 1.31 | -0.4 | -23.39 | 1.71 | (GO10-SIN-DIF) |
Spot Jet/Kero | 99.58 | -4.42 | -4.25 | 104 | (JET-SIN) |
Jet/Kero Diff | 1.52 | -0.04 | -2.56 | 1.56 | (JET-SIN-DIF) |
For a list of derivatives prices, including margins, please double click the RICs below. | |||||
Brent M1 | (BRENTSGMc1) | ||||
Gasoil M1 | (GOSGSWMc1) | ||||
Gasoil M1/M2 | (GOSGSPDMc1) | ||||
Gasoil M2 | (GOSGSWMc2) | ||||
Regrade M1 | (JETREGSGMc1) | ||||
Regrade M2 | (JETREGSGMc2) | ||||
Jet M1 | (JETSGSWMc1) | ||||
Jet M1/M2 | (JETSGSPDMc1) | ||||
Jet M2 | (JETSGSWMc2) | ||||
Gasoil 500ppm-Dubai Cracks M1 | (GOSGCKMc1) | ||||
Gasoil 500ppm-Dubai Cracks M2 | (GOSGCKMc2) | ||||
Jet Cracks M1 | (JETSGCKMc1) | ||||
Jet Cracks M2 | (JETSGCKMc2) | ||||
East-West M1 | (LGOAEFSMc1) | ||||
East-West M2 | (LGOAEFSMc2) | ||||
LGO M1 | (LGOAMc1) | ||||
LGO M1/M2 | (LGOASPDMc1) | ||||
LGO M2 | (LGOAMc2) | ||||
Crack LGO-Brent M1 | (LGOACKMc1) | ||||
Crack LGO-Brent M2 | (LGOACKMc2) |