Refining margins likewise rebounded to $14.27 a barrel reflecting the stronger swaps buying interest in the market. Jet fuel refining margins firmed to $13.07 a barrel, tracking gains in 10 ppm sulphur gasoil.
The regrade value was unchanged at a discount of $1.20 a barrel.
SINGAPORE CASH DEALS - Six gasoil deals, no jet fuel deal.
REFINERY OUTAGES - A crude distillation unit (CDU), a coker and the alkylation unit are shut at TotalEnergies' 238,000 barrel-per-day Port Arthur, Texas, refinery, people familiar with plant operations said on Friday.
NEWS - OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained from industry sources showed, and the major producers' share could shrink further this year. - Tankers delivering to ports in China's Shandong province are facing delays discharging their oil due to orders for tighter customs inspection checks after several Iranian cargoes were declared as diluted bitumen, traders said. - Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. - U.S. fuelmakers are expected to post higher first-quarter earnings in coming days on strong fuel exports and margins even as domestic diesel demand slumped during the period.
PRICES
MIDDLE DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 0.5% 87.51 0.42 0.48 87.09 GO 0.5 Diff -7.21 -0.02 0.28 -7.19 Spot Gas Oil 0.25% 87.06 0.42 0.48 86.64 GO 0.25 Diff -7.66 -0.02 0.26 -7.64 <GO25-SIN-DIF
>
Spot Gas Oil 0.05% 92.56 0.42 0.46 92.14 GO 0.05 Diff -2.16 -0.02 0.93 -2.14 <GO005-SIN-DI
F>
Spot Gas Oil 0.001% 94.88 0.55 0.58 94.33 GO 0.001 Diff 0.16 0.11 220.00 0.05 <GO10-SIN-DIF
>
Spot Jet/Kero 93.99 0.49 0.52 93.5 Jet/Kero Diff 0.5 0 0.00 0.5 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 Shilpi Majumdar)
