- Asia"s cash premiums for jet fuel dipped on Monday amid concerns that fresh travel curbs due to the Omicron coronavirus variant in some countries would slow aviation demand. Cash differentials for jet fuel were at a premium of 32 cents per barrel to Singapore quotes, down from a 34 cent premium on Friday and its lowest since Nov. 29. Refining margins or cracks for jet fuel , however, held largely steady at $11.72 per barrel over Dubai crude during Asian trading hours, compared with $11.73 per barrel on Friday. The steady refining margin came despite higher crude oil prices during Asian. But prices later gave up those gains as the Omicron coronavirus variant, and doubts around the effectiveness of vaccines against it, weighed on prices. SINGAPORE CASH DEALS - No jet fuel trades or gasoil deals. ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 86.09 1.40 1.65 84.69 GO 0.5 Diff -0.86 0.04 -4.44 -0.90 Spot Gas Oil 0.25% 86.33 1.38 1.62 84.95 GO 0.25 Diff -0.62 0.02 -3.13 -0.64 Spot Gas Oil 0.05% 86.68 1.26 1.48 85.42 GO 0.05 Diff -0.27 -0.10 58.82 -0.17 Spot Gas Oil 0.001% 87.65 1.50 1.74 86.15 GO 0.001 Diff 0.70 0.14 25.00 0.56 Spot Jet/Kero 85.23 1.09 1.30 84.14 Jet/Kero Diff 0.32 -0.02 -5.88 0.34 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 Roslan Khasawneh; Editing by Amy Caren Daniel Our Standards: The Thomson Reuters Trust Principles.
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