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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 surged to a record $50.53 a barrel over Brent crude on Thursday. This jump was attributed to reports of Chinese refiners halting oil product exports for October and outages at several regional refineries.