NEW DELHI: Asia’s gasoline crack extended gains for a second straight session on Wednesday and touched over three-year highs despite an increase in Middle Eastern inventories, as easing of pandemic-related mobility curbs stoked demand hopes.
The crack rose to $11.04 a barrel, the highest level since August 2018, from $10.80 in the last session.
Stocks of light distillates at the Fujairah Oil Industry Zone, including gasoline and naphtha, rose by 1.311 million barrels or 28.4% on the week to 6.013 million barrels, according to industry information service S&P Global Platts.
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