Asia Naphtha/Gasoline-Gasoline margins hit four-week high, crosses $6/bbl
Sept 3 (Reuters) -Asia's gasoline refining margin rose to a four-week high on Tuesday as 300,000 barrels of the benchmark octane traded.
The crack rose to $6.69 per barrel over Brent crude from $5.01 on Monday. The crack last hit a high of $7.02 on Aug. 6.
In the naphtha market, the crack rose $4.85 to reach a week's high of $92.43 per metric ton over Brent crude, buoyed by a steady supply from arbitrage exporters circumventing Russian supply disruptions. The crack last hit $97.88 on Aug. 22.
NEWS
Top oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month. O/R
OPEC oil output fell in August to its lowest since January, as unrest that disrupted Libyan supply added to the impact of ongoing voluntary supply cuts by other members and the wider OPEC+ alliance. OPEC pumped 26.36 million barrels per day last month, down 340,000 bpd from July, the lowest total since January.
Brent oil prices declined on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased demand concerns. Brent crude futures LCOc1 fell 92 cents, to $76.62 a barrel. West Texas Intermediate crude CLc1 futures, which did not settle on Monday because of the U.S. Labor Day holiday, were down 25 cents, at $73.30.
SINGAPORE CASH DEALS O/AS
Five gasoline deals and one naphtha trade.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 670.00 | 6.50 | 663.50 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 664.00 | 6.50 | 657.50 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 6.00 | 0.00 | 6.00 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 72.44 | 0.77 | 71.67 | NAF-SIN |
Naphtha Diff FOB Sing | 0.40 | 0.00 | 0.40 | NAF-SIN-DIF |
Naphtha-Brent Crack ($/mt) | 92.42 | 4.85 | 87.57 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 88.64 | 1.90 | 86.74 | GL97-SIN |
Gasoline 95 ($/bbl) | 87.31 | 1.90 | 85.41 | GL95-SIN |
Gasoline 92 ($/bbl) | 83.70 | 1.90 | 81.80 | GL92-SIN |
Gasoline crack ($/bbl) | 6.69 | 1.68 | 5.01 | 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 Shreya Biswas
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.