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Asian distillate light oil cash premium fell on weak spot market trading

 Last Update: 2023-03-15
 Source: Internet
 Author: User

Tags

jet fuel tank

crude oil refined

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According to Reuters, the cash premium of 10ppm light oil in Asia fell on Monday due to weak trading in the spot market, but traders expect the market to remain tight
in the short term.

The cash premium for light oil containing 10 ppm of sulphur fell to 73 cents a barrel compared to 86 cents
a barrel on Friday.

During the Asian session, refining margins for 10ppm light oil versus Dubai crude, also known as spread ratios, rose to a two-month high of $14.
48 a barrel, up from $14.
08 a barrel on Friday
.

Meanwhile, jet fuel spread from Dubai crude rose to $12.
63/b on Monday, compared with $11.
78/b
at the end of last week.
On Monday, the cash spread for jet fuel was 9 cents a premium to Singapore's quoted price per barrel, compared with a 2-cent discount on Friday
.

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