Asia Distillates-Gasoil, jet fuel margins extend fall on ample supply concerns

SINGAPORE, May 15 (Reuters) - Asia's 10-ppm sulphur gasoil and jet fuel refining margins fell for the third consecutive trading session on Monday, on the back of ample supply expectations for June. Cash differentials for 10 ppm sulphur gasoil likewise fell to minus 35 cents as offers were readily available in the open market. At least two northeast Asian refiners were mulling June spot sales, weighing on trading sentiment. Supply from South Korea remains sufficient despite the maintenance season, one trader said. Refining margins for 10 ppm sulphur gasoil were at $14.88 a barrel, while jet fuel refining margins were at $14.28 a barrel. Limited exports from China for May capped market weakness.

SINGAPORE CASH DEALS - Two gasoil deals, two jet fuel deals.

NEWS - Kuwait's newest refinery Al Zour has issued its first tender for fuel oil sales following a near eight-week hiatus, trade sources said on Monday, after a partial shutdown halted spot sales at the complex. - Oil prices were steady on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves competed with concerns about fuel demand in the top global oil consumers, the United States and China. PRICES MIDDLE DISTILLATES
CASH ($/T) ASIA CLOSE Change % Change Prev RIC Close
Spot Gas Oil 0.5% 80.45 -0.98 -1.20 81.43 GO 0.5 Diff -7.25 0.04 -0.55 -7.29 <GO-SIN-DIF > Spot Gas Oil 0.25% 82.39 -0.98 -1.18 83.37 GO 0.25 Diff -5.31 0.04 -0.75 -5.35 <GO25-SIN-D IF> Spot Gas Oil 0.05% 86.66 -0.98 -1.12 87.64 GO 0.05 Diff -1.04 0.04 -3.70 -1.08 <GO005-SIN- DIF> Spot Gas Oil 0.001% 87.35 -1.04 -1.18 88.39 GO 0.001 Diff -0.35 -0.02 6.06 -0.33 <GO10-SIN-D IF> Spot Jet/Kero 87.53 -1.1 -1.24 88.63 Jet/Kero Diff 0.32 -0.15 -31.91 0.47 <JET-SIN-DI F>
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 Varun H K)

Reuters

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Asia Distillates-Gasoil, jet fuel margins extend fall on ample supply concerns

By Reuters

Reuters

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