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Markets Print edition: 2022-02-04

Asia Distillates: Gasoil cash premiums at multi-year high

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By Reuters
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NEW DELHI: Asia’s cash premiums for gasoil extended gains on Thursday after Singapore inventories declined to a three-week low, boosting demand sentiment.

Cash premiums for gasoil with 10 ppm sulphur content surged to $1.59 a barrel to Singapore quotes, the highest since Oct. 2019, against $1.50 in the previous session.

Singapore’s onshore inventory of middle distillates dropped 248,000 barrels to 8.210 million barrels in the week to Feb. 2, data from Enterprise Singapore showed.

Gasoil Asia Distillates gasoil rates

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