Asia Naphtha/Gasoline-Gasoline crack falls, halts three session rise
Oct 11 (Reuters) -Asia's gasoline margins inched down on Friday after rising for three sessions, as 100,000 barrels of 92-gasoline exchanged hands at the closing window.
The crack dipped to $4.41 per barrel over Brent crude from $4.44 on Thursday.
In naphtha, the crack fell by $2.47 to $111.33 per metric ton over Brent crude.
Gasoline inventories meanwhile rose nearly 13% to around 1.09 million tons in the week ending Oct. 10, while naphtha stocks rose to 556,000 tons from prior week's 554,000 tons, the Energy Information Administration said in its report. ARA/
NEWS
Oil retreated on Friday but prices remained set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures LCOc1 fell 94 cents, or 1.2%, to $78.46 a barrel. U.S. West Texas Intermediate crude futures CLc1 slipped 86 cents, or 1.1%, to $74.99 per barrel. O/R
Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's BP.L third-quarter profit by up to $600 million, the British oil major said on Friday.
The Omsk oil refinery, Russia's largest by production volumes, increased crude processing by 4% year-on-year in the January to September period thanks to a modernisation of its facilities, energy giant Gazprom GAZP.MM said.
SINGAPORE CASH DEALS O/AS
Two gasoline deals and no naphtha trade.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 703.00 | 9.00 | 694.00 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 697.50 | 9.00 | 688.50 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 5.50 | 0.00 | 5.50 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 76.11 | 1.05 | 75.06 | NAF-SIN |
Naphtha Diff FOB Sing | 0.40 | 0.00 | 0.40 | NAF-SIN-DIF |
Naphtha-Brent Crack ($/mt) | 111.33 | -2.47 | 113.80 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 87.24 | 1.50 | 85.74 | GL97-SIN |
Gasoline 95 ($/bbl) | 87.80 | 1.50 | 86.30 | GL95-SIN |
Gasoline 92 ($/bbl) | 83.30 | 1.50 | 81.80 | GL92-SIN |
Gasoline crack ($/bbl) | 4.41 | -0.03 | 4.44 | GL92-SIN-CRK |
For a list of derivatives prices, including margins, please double click the RICs below. | ||||
Brent M1 | BRENTSGMc1 | |||
Naphtha CFR Japan M1 | NACFRJPSWMc1 | |||
Naphtha CFR Japan M1/M2 | NACFRJPSDMc1 | |||
Naphtha CFR Japan M2 | NACFRJPSWMc2 | |||
Naphtha Japan-Sing Netback M1 | NAPTC4SPDMc1 | |||
Naphtha Japan-Sing Netback M2 | NAPTC4SPDMc2 | |||
Naphtha FOB Sing M1 | NAFOBSGSWMc1 | |||
Naphtha FOB Sing M1/M2 | NAFOBSGSDMc1 | |||
Naphtha FOB Sing M2 | NAFOBSGSWMc2 | |||
Naphtha Cracks M1 | NACFRJPCKMc1 | |||
East-West Naphtha M1 | NAPJPEWMc1 | |||
East-West Naphtha M2 | NAPJPEWMc2 | |||
NWE Naphtha M1 | NAPCNWEAMc1 | |||
NWE Naphtha M1/M2 | NAPCNWEASMc1 | |||
NWE Naphtha M2 | NAPCNWEAMc2 | |||
Crack NWE Naphtha-Brent M1 | NAPCNWEACMc1 | |||
Crack NWE Naphtha-Brent M2 | NAPCNWEACMc2 | |||
*Sing refers to Singapore | ||||
Reporting by Haridas; Editing by Eileen Soreng
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
