NEW DELHI, Feb 19 (Reuters) - Asia's gasoline margin declined on Thursday after inventories at key trading hubs rose to multi-year highs, traders and analysts said.
The crack fell to about $5 per barrel over Brent crude, compared with $6.14 in the previous session.
Singapore markets were closed on Tuesday and Wednesday for a public holiday.
Singapore light distillate stocks rose to a record level of 19.474 million barrels in the week to February 18, Enterprise Singapore data showed. O/SING1
Inventories at the Fujairah trading hub rose 25% to 1.913 million barrels in the week ended February 17, S&P Global Commodity Insights data showed on Wednesday. FUJAIRAH/
NEWS
- Oil prices rose on Thursday, driven by increasing concerns over potential military conflict between the United States and Iran as both countries stepped up military activity in the oil-producing region.O/R
- U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron, according to sources familiar with the efforts.
SINGAPORE CASH DEALS O/AS
One gasoline trade.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 615.00 | 15.25 | 599.75 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 606.75 | 15.25 | 591.50 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 8.25 | 0.00 | 8.25 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 66.33 | 1.69 | 64.64 | NAF-SIN |
Naphtha-Brent Crack ($/mt) | 82.58 | -8.97 | 91.55 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 79.39 | 2.20 | 77.19 | GL97-SIN |
Gasoline 95 ($/bbl) | 77.83 | 2.20 | 75.63 | GL95-SIN |
Gasoline 92 ($/bbl) | 76.10 | 2.20 | 73.90 | GL92-SIN |
Gasoline crack ($/bbl) | 5.11 | -1.03 | 6.14 | 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 Mohi Narayan; Editing by Eileen Soreng)
((Mohi.Narayan@thomsonreuters.com; https://twitter.com/_mohi_;))