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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. Refining margins, also known as cracks, for 10 ppm gasoil remained unchanged at $7.57 per barrel over Dubai crude during Asian trading hours. The cracks have gained 4.4% this week, and have risen about 15% in the last month, Refinitiv Eikon data showed. The gasoil market, however, is expected to com

Asia Distillates-Jet fuel cash differentials jump to over 14-month high

Asia's cash differentials for jet fuel rose further on Thursday, hitting their strongest in more than 14 months, buoyed by steady arbitrage flows to the West and pockets of domestic aviation demand in some countries. Cash differentials for jet fuel , which flipped into a positive territory this week for the first time since December, rose to a premium of 14 cents a barrel to Singapore quotes, a level not seen since February 2020. A fast

Malaysia's Maybank to stop financing new coal activities

Malaysia's Malayan Banking Bhd (Maybank) on Thursday said it will no longer finance new coal activities as part of a five-year strategy that will also see the bank committing 50 billion ringgit ($12 billion) in sustainable financing.

Asia Distillates-Gasoil cash discounts narrow

Asia's cash differentials for 10 ppm gasoil firmed on Wednesday, thanks to active buying interest in the physical market, but adequate availability of supplies is expected to dent any steep upside in coming weeks. Cash differentials for gasoil with 10 ppm sulphur content were at a discount of 16 cents per barrel to Singapore quotes, compared with a 19-cent discount on Tuesday. Several states in India have reimposed lockdowns to curb a

Asia Distillates-Jet fuel cash differentials flip to premiums

Asia's cash differentials for jet fuel flipped into premiums for the first time this year on Tuesday, partly supported by firmer deals in the physical market, while prompt-month spread for the aviation fuel stood at its narrowest contango in more than two months. The jet fuel market in Asia is getting support from recovering aviation demand in key markets including China and Australia, but any further upside would be capped in the near term due to COVID-19 lo

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