Singapore Transportation fuels including gasoline, diesel and jet fuel saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but South Korea s top refiner SK Energy plans to maintain a conservative approach in middle distillate production as the outlook for Asia s fuel demand remains fragile.
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The FOB Singapore 92 RON gasoline crack against front-month ICE Brent crude futures averaged $5.25/b to date in 2021, a sharp improvement from 2020 average of crack spread of $1.75/b, S&P Global Platts data showed. Meanwhile, the FOB Singapore jet fuel/kerosene cash differential was assessed at a premium of 25 cents/b to Mean of Platts Singapore jet fuel/kerosene assessments May 17, marking the highest cash differential since Feb. 25, 2020 at MOPS plus 27 cents/b.
S Korea s SK Energy to limit Q2 oil product output amid fragile Asian demand
http://www.chemnet.com May 20,2021 S&P Global
Singapore Transportation fuels including gasoline, diesel and jet fuel saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but South Korea s top refiner SK Energy plans to maintain a conservative approach in middle distillate production as the outlook for Asia s fuel demand remains fragile.
The FOB Singapore 92 RON gasoline crack against front-month ICE Brent crude futures averaged $5.25/b to date in 2021, a sharp improvement from 2020 average of crack spread of $1.75/b, S&P Global Platts data showed. Meanwhile, the FOB Singapore jet fuel/kerosene cash differential was assessed at a premium of 25 cents/b to Mean of Platts Singapore jet fuel/kerosene assessments May 17, marking the highest cash differential since Feb. 25, 2020 at MOPS plus 27 cents/b.The improved Asian middle distillate cracks and prices
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Ford and SK Innovation today announce they have signed a memorandum of understanding (MoU) for a joint venture – to be called BlueOvalSK – to manufacture battery cells and arrays in the U.S.
BlueOvalSK to produce approximately 60 gigawatt hours (GWh) annually with potential to expand, starting mid-decade
By 2030, Ford expects annual energy demand for its vehicles will be up to 140 GWh annually in North America and up to 240 GWh globally; the company has invested in and is working with a number of battery suppliers to secure capacity and scale delivery for next-generation Ford and Lincoln battery electric vehicles