Asia Distillates Gasoil cash premiums rise, cracks at over 2-year high

  • 1/17/2022
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NEW DELHI, Jan 17 (Reuters) - Asia"s cash premiums for 10 ppm gasoil rose to their highest level since October 2019 on Monday, supported by signs of tightness in regional supply amid falling inventories. Cash premiums for gasoil with 10 ppm sulphur content climbed to $1.23 a barrel to Singapore quotes, compared with $1.15 per barrel on Friday. Asian cracks for 10 ppm gasoil rose to a more than two-year high of $16.46 a barrel over Dubai crude during Asian trading hours, up from $15.54 per barrel in the last session. "Gasoil and jet fuel inventories in the East of Suez have shed more barrels last week, reaching a new post-pandemic low," consultancy JBC Energy said in a note. Cash differentials for jet fuel also rose to a premium of 90 cents per barrel to Singapore quotes, from 81 cents on Friday. SINGAPORE CASH DEALS O/AS - No gasoil deal, no jet fuel trades OTHER NEWS - Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output. read more ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 98.19 0.26 0.27 97.93 GO 0.5 Diff -0.95 0.05 -5.00 -1.00 Spot Gas Oil 0.25% 98.44 0.26 0.26 98.18 GO 0.25 Diff -0.70 0.05 -6.67 -0.75 Spot Gas Oil 0.05% 98.80 0.25 0.25 98.55 GO 0.05 Diff -0.34 0.04 -10.53 -0.38 Spot Gas Oil 0.001% 100.37 0.24 0.24 100.13 GO 0.001 Diff 1.23 0.03 2.50 1.20 Spot Jet/Kero 97.99 0.86 0.89 97.13 Jet/Kero Diff 0.90 0.09 11.11 0.81 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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