Refining margins for 10 ppm sulphur gasoil were higher on Monday from the previous session's $22.33 per barrel .
Meanwhile, cash differentials for 10 ppm sulphur gasoil fell to $1.08 per barrel, hitting six-month lows.
Refining margins for jet fuel rebounded from the previous week, at $20.36 per barrel on Monday.
The regrade spread narrowed slightly to a discount of $1.97 per barrel, compared to a discount of $2.25 per barrel last week.
SINGAPORE CASH DEALS - No gasoil deal, no jet fuel trade. NEWS
- Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia's plans to rein in supply. - China's commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese buyers billions of dollars. - India's Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December, with Moscow still the top monthly oil seller to New Delhi, followed by Iraq and Saudi Arabia, data from trade sources showed.
- The profit for making diesel in Asia has dropped to the lowest in almost a year, a sign that the market is adapting so far to the European ban on imports of the transport fuel from Russia.
PRICES
MID-DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 0.5% 96.94 0.11 0.11 96.83 GO 0.5 Diff -6.55 -0.19 2.99 -6.36 Spot Gas Oil 0.25% 97.48 -0.10 -0.10 97.58 GO 0.25 Diff -6.01 -0.40 7.13 -5.61 Spot Gas Oil 0.05% 99.78 0.03 0.03 99.75 GO 0.05 Diff -3.71 -0.27 7.85 -3.44 Spot Gas Oil 0.001% 104.57 0.15 0.14 104.42 GO 0.001 Diff 1.08 -0.16 -12.90 1.24 Spot Jet/Kero 102.59 0.19 0.19 102.40 Jet/Kero Diff 1.07 -0.40 -27.21 1.47 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 Janane Venkatraman)
