SINGAPORE CASH DEALS - No gasoil or jet fuel deal
INVENTORIES
- U.S. crude oil inventories rose for the 10th week in a
row, surging to their most since May 2021, but record exports
kept the build smaller than in recent weeks, data from the U.S.
Energy Information Administration showed on Wednesday.
Distillate stockpiles , which include diesel and
heating oil, rose by 0.2 million barrels in the week to 122.1
million barrels, its most since January 2022, versus forecasts
for a 500,000-barrel drop, the EIA data showed. - Inventories of middle distillates at key trading hub
Singapore fell by around 1 million barrels week-on-week despite
a decline in net exports, official data from Enterprise
Singapore showed on Thursday. NEWS
- Exxon Mobil Corp started the new crude distillation unit
(CDU) at its 369,024 barrel-per-day (bpd) Beaumont, Texas
refinery, people familiar with plant operations said on
Wednesday.
- Crude oil processed by Indian refiners reached record
levels in January, provisional government data showed on
Wednesday, as the country boosted shipments of lucrative Russian
barrels that Western countries shunned.
- Refiners' profit from making gasoline has tripled in Asia
this year from October lows amid tight supplies from China and
hopes of record Indonesian demand, a trend that is likely to
continue into summer driving season, traders and analysts said.
- China's seaborne imports of Russian oil are set to hit a
record this month after refiners took advantage of cheap prices
as domestic fuel demand rebounded, but Russia's plan to cut
exports will likely cap buying in coming months.
- Oil slipped on Thursday on worries about rising U.S. crude
inventories and concerns about more rate hikes in Europe
potentially hitting growth, paring this week's gains on signs of
a strong economic rebound in China. PRICES
MID-DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 0.5% 100.94 0.11 0.11 100.83 GO 0.5 Diff -6.5 -0.01 0.15 -6.49 Spot Gas Oil 0.25% 100.96 0.11 0.11 100.85 GO 0.25 Diff -6.48 -0.01 0.15 -6.47 <GO25-SIN-DIF
>
Spot Gas Oil 0.05% 103.78 0.11 0.11 103.67 GO 0.05 Diff -3.66 -0.01 0.27 -3.65 <GO005-SIN-DI
F>
Spot Gas Oil 0.001% 108.23 -0.22 -0.20 108.45 GO 0.001 Diff 0.79 -0.34 -30.09 1.13 <GO10-SIN-DIF
>
Spot Jet/Kero 105.89 -0.44 -0.41 106.33 Jet/Kero Diff 0.82 -0.11 -11.83 0.93 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 Trixie Yap; Editing by Varun H K)
