Asia Gasoline Margin Hits Record High Amid Refinery Outages, China Export Halt
Asia's gasoline margin surged to a record high on Thursday, driven by widespread refinery outages in the region and a halt in fuel exports from China for October. This confluence of factors has significantly tightened the supply outlook for gasoline.
Asia's gasoline margin climbed to a record high on Thursday as outages at several regional refineries and reports that Chinese refiners have stopped fuel exports for October tightened the supply outlook, traders said. The refining profit, or crack, (GL92-SIN-CRK) for gasoline rose to $50…