Asia"s cash premiums for 10 ppm gasoil rose to their highest in nearly two weeks on Monday, supported by firmer buying interests in the physical market, while the Dec/Jan time spread for the industrial fuel grade widened its backwardation. Cash premiums for gasoil with 10 ppm sulphur content climbed to 47 cents per barrel to Singapore quotes, compared with 44 cents per barrel on Friday. The differentials, however, have shed about 45% since hitting a recent high of 86 cents in November, weighed down by worries of increasing supplies and the Omicron coronavirus variant"s threat to near-term demand recovery. The prompt-month spread for 10 ppm gasoil , which have remained in a backwardated structure since the beginning of September, traded at 65 cents per barrel on Monday. Refining profit margins for 10 ppm gasoil slipped 24 cents to $12.05 a barrel over Dubai crude during Asian trading hours as raw material crude prices rose by more than $1 per barrel on Monday. - Japanese voters" support for Prime Minister Fumio Kishida ticked up after his government enforced tighter border controls against the Omicron variant , the Yomiuri Shimbun daily said on Monday. read more - Japan took some of the world"s strictest steps on Nov. 29 by closing its borders to new foreign entrants for about a month. A day later, it discovered its first Omicron infection in a Namibian diplomat who had arrived on Nov. 28. - Britain will require all inbound travellers to take a pre-departure COVID-19 test and arrivals from Nigeria will have to quarantine in hotels to slow the spread of the Omicron variant, health minister Sajid Javid said. read more SINGAPORE CASH DEALS - No 10ppm gasoil deals, no jet fuel trades OTHER NEWS - Saudi Arabia"s state oil producer Aramco raised official selling prices (OSPs) for all crude grades sold to key market Asia for a second straight month in January, tracking robust gains in Middle East spot market last month. read more ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 80.36 -0.92 -1.13 81.28 GO 0.5 Diff -0.65 0.03 -4.41 -0.68 Spot Gas Oil 0.25% 80.62 -0.92 -1.13 81.54 GO 0.25 Diff -0.39 0.03 -7.14 -0.42 Spot Gas Oil 0.05% 81.16 -0.92 -1.12 82.08 GO 0.05 Diff 0.15 0.03 25.00 0.12 Spot Gas Oil 0.001% 81.48 -0.92 -1.12 82.4 GO 0.001 Diff 0.47 0.03 6.82 0.44 Spot Jet/Kero 79.39 -0.9 -1.12 80.29 Jet/Kero Diff 0.47 -0.01 -2.08 0.48 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
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