Asian Gasoline Margins Nearly Halve as Chinese Exports Resume
Asian gasoline refining margins nearly halved on Friday from a record high at the beginning of the month as Chinese refiners resumed fuel exports, easing supply concerns. The crack fell to about $24 per barrel.
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03:13:47 PM UTC
SquawkNews
Asian gasoline margin slides as Chinese barrels return
By Mohi NarayanAsian gasoline margins nearly halved on Friday from a record high hit at the beginning of the month, as Chinese refiners resumed fuel exports, easing supply concerns, traders and analysts said.The refining profit, or crack, (GL92-SIN-CRK) for gasoline plummeted to about $24 per barre…