SINGAPORE CASH DEALS - Two gasoil deals, no jet fuel deals.
TENDERS - Bahrain's BAPCO offers late-May gasoil, early-June jet fuel.
INVENTORIES - U.S. crude oil stockpiles were expected to have fallen for a third consecutive week, a preliminary Reuters poll showed on Monday. Analysts estimated stockpiles of gasoline fell by about 600,000 barrels last week, while distillates , which include diesel and heating oil, decreased by about 1.5 million barrels. - Gasoil inventories held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area dipped by 5% in the week to Friday at 2.24 million tonnes, data from Dutch consultancy Insights Global showed on Friday. NEWS - Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market. - U.S. crude oil exports rose more-than-expected last month, building on a record 4.5 million barrels per day in March, as Chinese refiners snapped up cargoes to meet rising fuel demand, according to ship tracking data and analysts. - Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity.
PRICES
MIDDLE
DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC
Close
Spot Gas Oil 83.73 1 1.21 82.73 0.5%
GO 0.5 Diff -7.3 -0.04 0.55 -7.26 <GO-SIN-DI
F>
Spot Gas Oil 83.28 1 1.22 82.28 0.25%
GO 0.25 Diff -7.75 -0.04 0.52 -7.71 <GO25-SIN-
DIF>
Spot Gas Oil 88.78 1 1.14 87.78 <GO005-SIN
0.05% >
GO 0.05 Diff -2.25 -0.04 1.81 -2.21 <GO005-SIN
-DIF>
Spot Gas Oil 91.06 0.79 0.88 90.27 0.001%
GO 0.001 Diff 0.03 -0.25 -89.29 0.28 <GO10-SIN-
DIF>
Spot Jet/Kero 90.74 0.56 0.62 90.18 Jet/Kero Diff 0.53 -0.06 -10.17 0.59 <JET-SIN-D
IF>
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 Matthew Chye)
