SINGAPORE CASH DEALS - No gasoil or jet fuel deals.
INVENTORIES - U.S. crude oil and product inventories were seen declining last week, a preliminary Reuters poll showed on Monday. Analysts estimated gasoline stockpiles fell by about 1.5 million barrels last week, while distillate , which includes diesel and heating oil, decreased by about 1 million barrels. REFINERY OUTAGES - The 97,000-barrels-per-day refinery at Lingen in Germany was taken offline for a major planned revision in mid-April whose length cannot at this stage be revealed, operator BP said in a written note received on April 24.
NEWS - Global diesel margins have slumped by about half since February, dragging on refiners' profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March. - Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that holiday travel in China would boost fuel demand and by expectations that U.S. inventories would show a drop in crude stocks. - Russia's oil output this year is on course to top 480 million tonnes, or about 9.6 million barrels per day (bpd), a Russian government source familiar with the data told Reuters.
PRICES
MIDDLE DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 0.5% 89.95 2.44 2.79 87.51 GO 0.5 Diff -7.17 0.04 -0.55 -7.21 Spot Gas Oil 0.25% 89.5 2.44 2.80 87.06 GO 0.25 Diff -7.62 0.04 -0.52 -7.66 <GO25-SIN-DIF
>
Spot Gas Oil 0.05% 95 2.44 2.64 92.56 GO 0.05 Diff -2.12 0.04 -1.85 -2.16 <GO005-SIN-DI
F>
Spot Gas Oil 0.001% 97.36 2.48 2.61 94.88 GO 0.001 Diff 0.24 0.08 50.00 0.16 <GO10-SIN-DIF
>
Spot Jet/Kero 96.46 2.47 2.63 93.99 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 Savio D'Souza)
