NEW DELHI: Asian refining margins for gasoil paused rally on Monday amid volatility in crude oil markets, although the cracks traded near their historic highs they touched last week due to global tightness and recovering demand.
Refining profit margins, or cracks, for the 10 ppm gasoil grade retreated to $68.26 per barrel over Dubai crude, according to Refinitiv Eikon data. The cracks were at $71.69 per barrel on Friday.
Margins for jet fuel slipped to $58.46 per barrel over Dubai crude during Asian trading hours, compared with $61.79 a barrel in the last session.
Cash differentials for jet fuel dropped by $2.78 to a premium of $0.52 a barrel to Singapore quotes on Monday, while cash premiums for gasoil with 10 ppm sulphur content rose 43 cents to $7.29 a barrel to Singapore quotes.