Refining margins for 10 ppm sulphur gasoil were at $22.61 per barrel at the Asia close.
Meanwhile, jet fuel refining margins also extended declines, sliding to $21.61 per barrel.
The regrade spread remained in discounted territory, hitting a discount of $1 per barrel.
SINGAPORE MARINE GASOIL SALES
Marine gasoil sales at Singapore fell 7% year-on-year to 324,500 tonnes in January, but were up 6% from December, data from Singapore's Maritime and Port Authority showed.
SINGAPORE CASH DEALS - No gasoil or jet fuel deal.
NEWS - Oil prices slumped by about 1% as investors focused on short-term demand concerns ahead of key U.S. inflation data. - China doubled the number of the country's charging points for electric vehicles (EV) to 5.2 million in 2022 over 2021, the National Energy Administration (NEA) said.
- Marine fuel sales in Singapore climbed to a two-year high in January, lifted by stronger vessel arrivals at the world's top bunkering hub since the start of 2023.
- The value of Singapore's oil trade in 2022 climbed by
47.5% from a year earlier, extending a 43.6% increase in 2021,
driven mainly by rising domestic exports and re-exports of
refined products, government agency Enterprise Singapore said.
PRICES
MID-DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 0.5% 99.72 0.26 0.26 99.46 GO 0.5 Diff -6.39 0.10 -1.54 -6.49 Spot Gas Oil 0.25% 101.47 -2.32 -2.24 103.79 GO 0.25 Diff -4.64 -2.48 114.81 -2.16 Spot Gas Oil 0.05% 103.11 -1.89 -1.80 105.00 GO 0.05 Diff -3.00 -2.05 215.79 -0.95 Spot Gas Oil 0.001% 107.55 0.43 0.40 107.12 GO 0.001 Diff 1.43 0.26 22.22 1.17 Spot Jet/Kero 106.37 -0.31 -0.29 106.68 Jet/Kero Diff 1.44 -0.69 -32.39 2.13 For a list of derivatives prices, including margins, please double
click the RICs below.
Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1
Gasoil 500ppm-Dubai Cracks M2
Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Jeslyn Lerh; Editing by Devika Syamnath)
