Asia middle distillates: Key market indicators this week
The Asian middle distillates market is poised to enter the week of March 8 on weaker footing but participants cautioned that volatility in the upstream crude oil complex, in the wake of attacks on Saudi Arabia’s oil facilities, could potentially tilt sentiment.
Extended bearishness on the downstream aviation sector as passenger traffic remained heavily affected by the coronavirus pandemic weighed on jet fuel sentiment. Likewise, gasoil saw its recent downtrend extended, this time on supply woes as higher exports from key producers led to a supply overhang in the region.
JET FUEL/KEROSENE
Gasoil loadings to Europe from Persian Gulf, India rebound in March | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
DUBAI FUTURES: Brent/Dubai April EFS narrows; Focus on OPEC+ meet, Asian buying trends
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.