Asian distillate light oil refining margins increase for the sixth consecutive week

According to a report from the Hydrocarbon Processing Network on May 7, Asia’s 10 ppm light oil refining profit margin rose for the sixth consecutive week on Friday, due to improved refining operations in the spring, resulting in tight regional supply.

According to data from Refinitiv Eikon, the spread has risen by 4.

The spot price spread of light oil with a sulfur content of 10ppm is US$0.

ARA inventory-According to data from the Dutch consulting firm Insights Global, in the week ending May 6, light oil inventories at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage center fell 0.

Other news-Oil prices stabilized on Friday.

Hao Fen translated from Hydrocarbon Processing Network

The original text is as follows:

Asia Distillates-Gasoil cracks post sixth straight weekly gain

Asian refining margins for 10 ppm gasoil posted their sixth consecutive weekly rise on Friday as spring refinery turnarounds tightened regional supplies.

The cracks have gained 4.

　　Cash differentials for gasoil with 10 ppm sulphur contentwere at a discount of 10 cents per barrel to Singapore quotes on Friday, while the May/June time spread for the benchmark gasoil grade traded at a narrow contango of minus 1 cent a barrel.

　　ARA INVENTORIES-Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub slipped 0.

　　OTHER NEWS-Oil prices steadied on Friday and were set for a weekly gain against the backdrop of optimism over a global economic recovery, though the COVID-19 crisis in India capped prices.