{"id":2353,"date":"2019-02-03T16:52:16","date_gmt":"2019-02-03T16:52:16","guid":{"rendered":"http:\/\/euromenaenergy.com\/?p=2353"},"modified":"2019-02-03T16:52:16","modified_gmt":"2019-02-03T16:52:16","slug":"asia-distillates-gasoil-margins-rise-in-january-breaking-two-months-of-declines","status":"publish","type":"post","link":"https:\/\/emimer.com\/?p=2353","title":{"rendered":"Asia Distillates-Gasoil margins rise in January, breaking two months of declines"},"content":{"rendered":"<pre>SINGAPORE, Jan 31 (Reuters) - Asian refining margins for 10ppm gasoil eased on Thursday, a\nday after hitting a one-week high, as crude prices firmed, but posted their first month of gains\nfollowing two straight months of declines.\n    Refining margins or cracks for gasoil with 10ppm sulphur content were at\n$13.89 a barrel over Dubai crude during Asian trade, down from $14.22 a barrel on Wednesday. \n    Crude oil prices rose on Thursday, pushed up by lower imports into the United States amid\nOPEC efforts to tighten the market, and as Venezuela struggles to keep up its crude exports\nafter Washington imposed sanctions on the nation.\n    The benchmark gasoil margins have risen about 11 percent in January, the biggest monthly\ngain since August 2018. \n    Lacklustre demand amid availability of ample supplies, however, has kept the current\nrefining margins for the industrial fuel about 15 percent lower than this time last year.\n    Cash discounts for 10ppm gasoil GO10-SIN-DIF were at 42 cents a barrel to Singapore quotes\non Thursday, compared with a discount of 34 cents per barrel a day earlier.\n    Meanwhile, cash discounts for jet fuel narrowed to their smallest in over two weeks, buoyed\nby expectations for a tighter market going forward as some refineries in the region are\nscheduled to go for spring maintenance.\n    Jet cash discounts JET-SIN-DIF were at $1.42 a barrel to Singapore quotes on Thursday,\ncompared with a discount of $1.55 a barrel on Wednesday.\n    The February\/March time spread for the aviation fuel narrowed for the fourth\nconsecutive session to a discount of 40 cents a barrel on Thursday, their slimmest in three\nweeks. They were at a discount of 57 cents on Wednesday.\n    Refining margins for jet, which also determines the profitability of\nclosely-related kerosene, edged higher to $14.24 a barrel over Dubai crude, 18 cents higher from\nWednesday. \n    \n        SINGAPORE INVENTORIES\n    - Singapore onshore middle-distillate stocks fell 4.6 percent to 11.8 million barrels in the\nweek to Jan. 30, according to data from Enterprise Singapore released on Thursday.\n    - The inventories have averaged 11.9 million barrels in the first five weeks of this year,\nhaving averaged 9.6 million barrels a week in 2018. In 2017, the weekly average was about 12\nmillion barrels, Reuters calculations showed.\n    - Overall, onshore middle-distillate inventories were about 27 percent higher year on year.\n    - Light distillates stocks dropped 169,000 barrels to a two-week low of 15.7 million barrels\nin week ended Wednesday, while fuel oil stocks rose 478,000 barrels to a six-week high of 20.3\nmillion barrels.\n    \n        EIA INVENTORIES\n    - U.S. crude oil stockpiles rose less than expected last week due to a drop in imports,\nwhile gasoline and distillate inventories fell as refiners slowed down production, the Energy\nInformation Administration said on Wednesday.\n    - Crude inventories rose 919,000 barrels in the week to Jan. 25, compared with\nanalysts' expectations for an increase of 3.2 million barrels.\n    - Distillate stockpiles, which include diesel and heating oil, fell 1.1 million\nbarrels, versus expectations for a 1.4 million-barrel drop, the EIA data showed.\n        \n    SINGAPORE CASH DEALS\n    - No gasoil deals, no jet fuel trades.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Jan 31 (Reuters) &#8211; Asian refining margins for 10ppm gasoil eased on Thursday, a day after hitting a one-week high, as crude prices firmed, but posted their first month of gains&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,48,57,90,96,107,113,137,139,160,174,183,184,201,202,209,230,232,233,244,246,249,256,267,277,279,288],"class_list":["post-2353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-athens","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-energy-peace","tag-gas","tag-gazprom","tag-international-maritime-disputes","tag-lebanon","tag-maritime-boundaries-east-mediterranean","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-poverty-alleviation","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/2353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2353"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/2353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/2360"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}