SINGAPORE: The Asian jet fuel margin gained on Monday on the back of limited spot cargoes from North Asia though spot supply from India capped gains, industry sources said.
- INDONESIA: Indonesian state-owned Pertamina resumed operations of a crude unit at its 260,000 barrel-per-day Balikpapan refinery on Monday after planned maintenance work, the company said.
- JAPAN THROUGHPUT: Japanese oil refiners have cut the nameplate crude refining capacity by 11 percent from April 2014 levels to 3.52 million barrels per day (bpd) to meet a government target.
- CHINA REFINERY RUNS: China's March refinery throughput rose 5.9 percent versus the same month a year earlier to 11.19 million barrels per day (bpd), data showed on Monday, just shy of December's record as processors ramped up output on attractive margins.
For the first quarter, crude throughput was up 4.5 percent from the same period a year earlier at 138.22 million tonnes, or about 11.21 million bpd.
The quarter's high refinery runs have plumped out China's domestic fuel stocks to their highest since at least 2014. Diesel fuel inventories jumped nearly 30 percent by end-February over January to the highest in 11 months.
- INDIA JET: India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has offered 40,000 tonnes of jet fuel for May 28-30 loading from New Mangalore. The tender closes on April 19 and is valid until April 20.
- SOUTH KOREA GASOIL: Hyundai Oilbank has provisionally booked the Hai Tun Zuo to ship gasoil from South Korea to Singapore, shipping fixtures showed, though this could not be confirmed.
The refiner typically sells the fuel on a free-on-board basis, so it is unclear why it is shipping it directly.
- LIGHT CYCLE OIL: Vitol and Apex are shipping light cycle oil from South Korea and Singapore to China in April, shipping fixtures showed, though this could not be confirmed with the companies.
- SINGAPORE CASH DEALS: Three gasoil deals, no jet fuel trades.
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