Asia Distillates — Diesel timespreads ease; spot window activity stays thin
SINGAPORE, Oct 13 (Reuters) — Asia's diesel prompt timespreads softened, against a backdrop of softening ICE gasoil futures, though spot window activity remained tepid. Easing tight supply concerns remained the market's key focus, while regional refiners continue to engage in spot sale activities for both October and November cargoes. The front-month east-west price spread continued to narrow for a second straight session this week, closing at a discount of $155-160 per metric ton. Refining margins regained some ground, bouncing back by $3 from the previous session to $63 a barrel,. Cash differentials inched back down to $1.8 a barrel, a reflection of the easing October-November timespreads and lower offers on the trading window. There was talk of some jet fuel cargoes being sold at premiums of $1-2 a barrel since early this week, though further details could not be confirmed. Meanwhile, the arbitrage windows between Asia and either Europe or the US remain open, though shipments on these two trade routes remain scant for October. Regrade were at wider premiums of around $2 a barrel. Singapore Cash Deals O/AS - No deal for jet fuel or gasoil Inventories - US crude oil stockpiles wer
SINGAPORE, Oct 13 (Reuters) — Asia's diesel prompt timespreads softened, against a backdrop of softening ICE gasoil futures, though spot window activity remained tepid. Easing tight supply concerns remained the market's key focus, while regional refiners continue to engage in spot sale activities for both October and November cargoes. The front-month east-west price spread continued to narrow for a second straight session this week, closing at a discount of $155-160 per metric ton. Refining margins regained some ground, bouncing back by $3 from the previous session to $63 a barrel,.
8 a barrel, a reflection of the easing October-November timespreads and lower offers on the trading window. There was talk of some jet fuel cargoes being sold at premiums of $1-2 a barrel since early this week, though further details could not be confirmed. Meanwhile, the arbitrage windows between Asia and either Europe or the US remain open, though shipments on these two trade routes remain scant for October. Regrade were at wider premiums of around $2 a barrel.
Singapore Cash Deals O/AS - No deal for jet fuel or gasoil Inventories - US crude oil stockpiles were expected to have risen last week while product inventories are likely to have fallen, a preliminary Reuters poll showed on Monday. 81% of the current daily natural gas production in response to Hurricane Isaias, according to the Marine Minerals Administration. News - Japan's cabinet approved three bills on Tuesday to strengthen energy supply security, including measures to offset higher costs of importing crude oil through routes that bypass the Strait of Hormuz, Industry Minister Ryosei Akazawa said.
- Russia hit at least six energy targets during deadly airstrikes across Ukraine, showing it had no interest in an energy ceasefire announced by US President Donald Trump, Ukrainian President Volodymyr Zelenskiy said on Monday. - Russia will be able to return diesel exports to levels above those US President Donald Trump has outlined under a deal with Moscow which has been criticised by Ukraine and some US lawmakers, Deputy Prime Minister Alexander Novak said on Monday. 00 For a list of derivatives prices, including margins, please double click the RICs below. com;)