NEWS
- Global fuel suppliers are turning to longer and costlier routes that
produce more carbon emissions to move their diesel and other products as
Western restrictions on Russian cargoes have reshuffled global energy shipping
patterns. - Indonesia, the world's biggest palm oil biodiesel user, is now working to
introduce bioethanol mandates for gasoline to further cut fuel imports and
carbon emissions, but it will first have to secure more bio feedstock and solve
thorny technical problems. SINGAPORE CASH DEALS Five gasoline trades, no naphtha deals.
PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC
Change Close
OSN Naphtha CFR 690.00 -4.00 -0.58 694.00 <NAF-1H-TY
Japan M1 O>
OSN Naphtha CFR 683.50 -4.00 -0.58 687.50 <NAF-2H-TY
Japan M2 O>
OSN Naphtha Diff 6.50 0.00 0.00 6.50 <NAF-TYO-D
IF>
Naphtha Netback FOB 74.67 -0.44 -0.59 75.11 Sing
Naphtha-Brent Crack 54.98 2.00 3.78 52.98 <NAF-SIN-C
RK>
Gasoline 97 107.90 0.30 0.28 107.60 Gasoline 95 104.40 0.30 0.29 104.10 Gasoline 92 102.10 0.30 0.29 101.80 Gasoline crack 17.43 1.10 6.74 16.33 <GL92-SIN-
CRK>
For a list of derivatives prices, including margins,
please double click the RICs below.
Brent M1 Naphtha CFR Japan M1 Naphtha CFR Japan M1/M2
Naphtha CFR Japan M2 Naphtha Japan-Sing Netback M1
Naphtha Japan-Sing Netback M2
Naphtha FOB Sing M1 Naphtha FOB Sing M1/M2
Naphtha FOB Sing M2 Naphtha Cracks M1 East-West Naphtha M1 East-West Naphtha M2 NWE Naphtha M1 NWE Naphtha M1/M2 NWE Naphtha M2 Crack NWE Naphtha-Brent M1
Crack NWE Naphtha-Brent M2
*Sing refers to
Singapore
(Reporting by Mohi Narayan; Editing by Sherry Jacob-Phillips)
NEW DELHI, April 6 (Reuters) - Asia's gasoline markets ended the
truncated week with a 13% gain as active trading at the Singapore window lifted
sentiment.
The gasoline crack reclaimed $17 a barrel level on Thursday
after easing slightly in the previous session. Singapore markets closed early
on Thursday on account of a public holiday on Friday.
In physical markets, Aramco was on a buying spree again after a gap of one
session. The energy trader snapped up 150,000 barrels of benchmark grade of
motor fuel. Meanwhile, the naphtha crack ended the week down 14% at $54.98 a tonne over
Brent crude as petrochemical units bought cheaper alternative feedstock
liquefied petroleum gas (LPG), dampening demand sentiment.
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