Asia Distillates-Gasoil, jet fuel margins little changed amid thin trade

SINGAPORE, May 8 (Reuters) - Asia's 10ppm sulphur gasoil and jet fuel margins were little changed on Monday amid thin trade, even as crude prices strengthened. Refining margins for 10ppm sulphur gasoil closed trading at $14.54 a barrel, marginally higher than the previous session's close of $14.50 a barrel. On the other hand, jet fuel refining margins dipped to $14.18 a barrel, from the previous session's close of $14.25 a barrel. Cash differentials for 10ppm sulphur gasoil fell to minus 35 cents a barrel, from minus 27 cents a barrel in the previous session. Asia's regrade value JETREG10SGMc1 was at minus 36 cents by the end of the trading session, compared with the previous session's close of minus 25 cents.

SINGAPORE CASH DEALS - One gasoil deal, no jet fuel deals.

TENDERS NEWS - India's MRPL offers late-May HSD; Qatar's Oryx GTL offers early-June GTL diesel.

NEWS - Oil rose on Monday as U.S. recession fears eased and some traders took the view that crude's recent price slide, registering three straight weekly declines for the first time since November, was overdone. - Overnight Ukrainian shelling of the Belgorod region on Russia's border with Ukraine damaged a gas pipeline and power lines as well as a house in Spodaryushino village, the region's governor said on Sunday.

PRICES MIDDLE
DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC Close
Spot Gas Oil 82.36 2.91 3.66 79.45 0.5%
GO 0.5 Diff -7.33 -0.02 0.27 -7.31 <GO-SIN-DI F> Spot Gas Oil 84.3 2.9 3.56 81.4 0.25%
GO 0.25 Diff -5.39 -0.02 0.37 -5.37 <GO25-SIN- DIF> Spot Gas Oil 88.57 2.91 3.40 85.66 <GO005-SIN 0.05% > GO 0.05 Diff -1.12 -0.02 1.82 -1.1 <GO005-SIN -DIF> Spot Gas Oil 89.33 2.84 3.28 86.49 0.001%
GO 0.001 Diff -0.35 -0.08 29.63 -0.27 <GO10-SIN- DIF> Spot Jet/Kero 90.34 2.96 3.39 87.38 Jet/Kero Diff 0.73 0.06 8.96 0.67 <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; Editing by Sohini Goswami)

Reuters

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Asia Distillates-Gasoil, jet fuel margins little changed amid thin trade

By Reuters

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