Asia Distillates-Gasoil stays firm on U.S., Singapore stock drawdowns

Asia's benchmark 10ppm diesel crack stayed above $5 a barrel for a fourth day this week, following stock drawdowns in the United States and Singapore. 

Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub however rose 4% in the week to Thursday, data from Dutch consultancy Insights Global showed.

PetroChina's Yunnan refinery in southern China will shut a 260,000 barrels-per-day (bpd) crude oil processing facility for a 50-day planned maintenance starting in early December. 

Jet volumes arriving in Northwest Europe (NWE) from the East of Suez are projected to rise over the coming weeks, said a report by Refinitiv Oil Research. - The report added that an estimated 322,000 tons of jet fuel is being floated aboard a few ships.

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