ANL 13.94 Decreased By ▼ -0.36 (-2.52%)
ASC 13.70 Decreased By ▼ -0.20 (-1.44%)
ASL 15.26 Decreased By ▼ -0.07 (-0.46%)
AVN 99.60 Decreased By ▼ -3.39 (-3.29%)
BOP 8.66 Decreased By ▼ -0.09 (-1.03%)
CNERGY 7.02 Decreased By ▼ -0.14 (-1.96%)
FFL 9.39 Decreased By ▼ -0.29 (-3%)
FNEL 9.19 Decreased By ▼ -0.22 (-2.34%)
GGGL 14.90 Decreased By ▼ -0.40 (-2.61%)
GGL 22.59 Decreased By ▼ -0.72 (-3.09%)
GTECH 10.15 Decreased By ▼ -0.21 (-2.03%)
HUMNL 6.68 No Change ▼ 0.00 (0%)
KEL 3.28 Decreased By ▼ -0.03 (-0.91%)
KOSM 4.34 Decreased By ▼ -0.19 (-4.19%)
MLCF 33.90 Decreased By ▼ -0.20 (-0.59%)
PACE 4.33 Decreased By ▼ -0.24 (-5.25%)
PIBTL 7.44 Decreased By ▼ -0.12 (-1.59%)
PRL 14.76 Decreased By ▼ -0.33 (-2.19%)
PTC 9.19 Decreased By ▼ -0.10 (-1.08%)
SILK 1.45 Decreased By ▼ -0.08 (-5.23%)
SNGP 34.29 Decreased By ▼ -0.23 (-0.67%)
TELE 17.68 Decreased By ▼ -0.41 (-2.27%)
TPL 15.59 Decreased By ▼ -0.51 (-3.17%)
TPLP 29.75 Decreased By ▼ -0.65 (-2.14%)
TREET 40.80 Decreased By ▼ -0.60 (-1.45%)
TRG 96.80 Decreased By ▼ -7.10 (-6.83%)
UNITY 28.69 Increased By ▲ 0.19 (0.67%)
WAVES 15.65 Decreased By ▼ -0.15 (-0.95%)
WTL 2.39 Decreased By ▼ -0.08 (-3.24%)
YOUW 7.96 Decreased By ▼ -0.32 (-3.86%)
BR100 4,687 Decreased By -28 (-0.59%)
BR30 18,641 Decreased By -616.6 (-3.2%)
KSE100 45,612 Decreased By -151.3 (-0.33%)
KSE30 17,942 Decreased By -56.4 (-0.31%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,019
724hr
Pakistan Cases
1,328,487
4,34024hr
Sindh
502,500
Punjab
453,392
Balochistan
33,705
Islamabad
111,376
KPK
182,311

SINGAPORE, Asia’s gasoline crack edged up on Wednesday to hit a more than one-week high, extending gains even as crude oil prices climbed.

The gasoline crack rose to $7.87 a barrel, up by 10 cents from the previous session.

But its outlook was clouded by fears of renewed travel restrictions and rising near-term gasoline output.

In a bearish sign, data from the American Petroleum Institute industry group showed US gasoline inventories rose by 2.2 million barrels in the week ended Nov. 26, according to market sources.

The gains also despite oil prices rising more than 4% on Wednesday, after a drop of more than 16% in November, as major producers prepared to discuss how much of a threat the new Omicron variant of the coronavirus would pose to energy demand.

Gasoline margins reiterated last month, giving up the sharp gains recorded in a October rally that sent them to a more than six-year high of $18.72 a barrel on Oct. 27 on the back of tightening supplies and signs of recovering demand.

Asia’s naphtha crack dropped to $146.78 a tonne, down from Tuesday’s two-week high of $157.70 per tonne.

Comments

Comments are closed.