Asia distillates-gasoil premiums dip; Singapore middle distillate stocks rise
SINGAPORE, Feb 13 (Reuters) - Asian cash premiums for 10 ppm gasoil fell on Thursday, due to weaker buying interest for physical cargoes, while Singapore middle distillate inventories rose to their highest level in more than four months.
Cash premiums for 10 ppm gasoil were at 66 cents per barrel to Singapore quotes, compared with 72 cents a barrel on Wednesday. Refining margins, also known as cracks, for gasoil with 10 ppm sulphur content dipped to $12.09 per barrel over Dubai crude during Asian trading hours, down from $12.47 per barrel a day earlier.
Meanwhile, jet fuel cracks dipped to $9.96 per barrel over Dubai crude, compared with $10.37 per barrel a day earlier. Cash differentials for jet fuel were at a discount of 9 cents a barrel to Singapore quotes, compared with a narrow premium of 2 cents per barrel on Wednesday.
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