Asian Gasoline Margin Nearly Halves as Chinese Exports Resume
Asian gasoline margins nearly halved Friday from a record high at the start of the month as Chinese refiners resumed fuel exports, easing immediate supply concerns, traders and analysts said. The crack fell to about $24.
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 immediate supply concerns, traders and analysts said.The refining profit, or crack, (GL92-SIN-CRK) for gasoline plummeted to about $24…