AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)

NEW DELHI: Asian refining margins for gasoline fell on Thursday as raw material crude prices firmed, while some traders were concerned the market would remain under pressure in the near term as the Omicron coronavirus variant threatens demand across regions.

Refining profit margins, also known as cracks, for gasoline slipped to $10.18 per barrel on Thursday, down from $12.64 per barrel touched in the previous session. Asia’s naphtha crack dipped to $158.73 per tonne on Thursday, compared with $163.40 a tonne on Wednesday.

India’s gasoil sales in the first half of December rose from November and compared to the same period last year, preliminary sales data showed on Thursday, reflecting a pick up in industrial activity in the world’s third-biggest oil consumer.

Gasoil sales by the country’s state fuel retailers were 2.87 million tonnes during Dec. 1-15, the data compiled by state-owned refiners showed, up 17.9% from the same period in November and up 3.3% from a year ago. However, sales were down 1.68% from the same period in 2019.

Gasoline sales during the period continued to stay above pre-COVID-19 levels as people continued to prefer using personal vehicles over public transport for safety reasons. Sales were at 1.12 million tonnes, up 16.2% from the same period in 2019, 6.9% higher than in November and up 5.9% from a year ago, the data showed.

Singapore’s light distillate inventories rose 0.9% to a two-week high of 12.1 million barrels in the week to Dec. 15, according to Enterprise Singapore data.

Weekly Singapore light distillate inventories have averaged 13.4 million barrels so far this year, compared with an average of 14.2 million barrels in 2020, Reuters calculations showed.

US gasoline stocks fell by 719,000 barrels in the week to Dec. 10, the Energy Information Administration said on Wednesday. This compares with analysts’ expectations in a Reuters poll for a 1.6 million-barrel rise.?

India’s Reliance Industries Ltd, operator of the world’s biggest refining complex at Jamnagar in Western India, aims to get the first cargo of oil from its new Abu Dhabi-based trading unit in December, a source familiar with the matter said.

Comments

Comments are closed.