Asia Naphtha/Gasoline Naphtha crack climbs, gasoline flat

  • 12/28/2021
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The gasoline crack, however, traded flat over $12 per barrel as market players kept a keen eye on the impact of the Omicron coronavirus variant on global motor fuel demand. Meanwhile, in a bearish signal to markets, Indonesia"s state-owned energy firm Pertamina will stop selling RON 88 gasoline next year and phase out RON 90 gasoline, in an effort to steer consumers towards cleaner fuels, its chief executive was reported by media as saying. INVENTORIES Analysts estimated that U.S. stockpiles of gasoline were expected to be unchanged last week, a preliminary Reuters poll showed on Monday. The poll was conducted ahead of reports from the American Petroleum Institute, an industry group, due at 2130 GMT on Tuesday, and the EIA, the statistical arm of the U.S. Department of Energy, due at 1530 GMT on Wednesday. NEWS - Oil prices extended gains on Tuesday with prices trading near the previous day"s one-month high on hopes that the Omicron variant will have a limited impact on fuel demand. read more CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC OSN Naphtha CFR Japan M1 748.50 24.50 3.38 724.00 OSN Naphtha CFR Japan M2 732.50 24.50 3.46 708.00 OSN Naphtha Diff 16.00 0.00 0.00 16.00 Naphtha Netback FOB Sing 81.17 2.73 3.48 78.44 Naphtha Diff FOB Sing 0.40 0.00 0.00 0.40 Naphtha-Brent Crack 156.00 5.37 3.57 150.63 Gasoline 97 93.96 2.55 2.79 91.41 Gasoline 95 93.24 2.55 2.81 90.69 Gasoline 92 91.53 2.55 2.87 88.98 Gasoline crack 12.53 0.00 0.00 12.53 For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Naphtha CFR Japan M1 Naphtha CFR Japan M1/M2 Naphtha CFR Japan M2 Naphtha Japan-Sing Netback M1 Naphtha Japan-Sing Netback M2 Naphtha FOB Sing M1 Naphtha FOB Sing M1/M2 Naphtha FOB Sing M2 Naphtha Cracks M1 East-West Naphtha M1 East-West Naphtha M2 NWE Naphtha M1 NWE Naphtha M1/M2 NWE Naphtha M2 Crack NWE Naphtha-Brent M1 Crack NWE Naphtha-Brent M2 *Sing refers to Singapore

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