SINGAPORE : Asia 10 ppm gasoil and jet fuel refining margins fell to below $20 a barrel, hitting a fresh low for the first time since mid-March 2022, after crude oil futures surged, Refinitiv data showed on Monday. Refining margins for gasoil, used for transport and industrial purposes, were at $18.75 a
SINGAPORE : Asia 10 ppm gasoil and jet fuel refining margins fell to below $20 a barrel, hitting a fresh low for the first time since mid-March 2022, after crude oil futures surged, Refinitiv data showed on Monday.
Weakening cracks have been largely attributed to an ongoing supply glut within Asia and overall tepid regional demand. More May-loading supplies are expected to emerge from northeast Asian refiners once a handful of them return from the holidays, a Singapore-based market source said.
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