SINGAPORE: Asia's 10ppm gasoil margin held above $15 a barrel for the second straight session on Monday supported by sporadic demand.
Diesel domestic sales in India rose 2.84pc to 7.78 million tonnes in May, official data showed.
Looking ahead, demand for gasoil in the marine sector is expected to rise around 200,000 barrels-per-day (bpd) year-on-year in 2019 and 900,000 bpd in 2020, due to new fuel regulations in the shipping industry, said Paris-based International Energy Agency expects .
TENDERS: India's MRPL on Friday sold 40,000 tonnes of jet fuel for June 23-25 loading from New Mangalore to Unipec at a discount of about 95 cents a barrel to Singapore quotes on a free-on-board (FOB) basis.
The refiner had previously sold similar volumes of the fuel but for May 25-27 loading to Gulf Petroleum at a wider discount of $1.20 to $1.30 a barrel.
CASH DEALS: One gasoil deal but no trades on jet fuel.
REFINERY NEWS: Japan's top refiner JXTG Nippon Oil & Energy Corp has shut the 145,000 bpd crude unit at its Sendai refinery on June 15 for scheduled maintenance which would last until early August.
OTHER NEWS: Singapore's overall refining margins fell below $3 a barrel on Monday to the lowest since May 31 as the impact of weak light distillates margins outweighed stable middle distillates cracks.
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