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End of Nigerian fuel subsidy set to squeeze Europe's refiners

End of Nigerian fuel subsidy set to squeeze Europe's refiners
hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.

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DOE/EIA diesel price higher after more bullish trend in oil markets

The benchmark diesel price used for most fuel surcharges rose for just the third time in 23 weeks. The post DOE/EIA diesel price higher after more bullish trend in oil markets appeared first on FreightWaves. ....

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Fresh travel curbs amid COVID-19 surge mars outlook for Asian refiners

Koustav Samanta
4 minute read
Airplanes of Jetstar Japan, Spring Japan and ZipAir, low-cost airlines which owned subsidiary of Japan Airlines, are displayed at Narita international airport in Narita, east of Tokyo, Japan June 30, 2021. REUTERS/Maki Shiraki
Summary
Jet fuel refining margins seen to climb to $8-9/bbl by year-end
Asia s aviation sector to struggle despite recovery in the West
Refiners likely to keep blending jet supply into other fuel pools
July 15 (Reuters) - Fresh travel restrictions due to a resurgence in COVID-19 infections have dashed hopes for a recovery in Asian jet fuel demand this year and worsened the outlook for the entire refining sector as jet supplies mount and erode overall refining margins. ....

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Asia distillates-gasoil buyers get smallest cash discounts in nearly four months

Asia distillates-gasoil buyers get smallest cash discounts in nearly four months
12/10/2020
SINGAPORE, Dec 10 (Reuters) - Asia s cash differentials for 10 ppm gasoil inched up on Thursday, hitting a near four-month high, while middle distillate inventories in Singapore dropped to a five-week low.
Cash discounts for gasoil with 10 ppm sulphur content GO10-SIN-DIF narrowed to 8 cents a barrel to Singapore quotes, the smallest discounts since the differentials plunged to a negative territory on Aug. 11.
The December-January time spread for 10 ppm gasoil in Singapore remained unchanged at zero for a second straight session, Refinitiv Eikon data showed. Refining margins, or cracks, for 10 ppm gasoil dropped 60 cents to $5.80 a barrel over Dubai crude during Asian trading hours, partly weighed down by firmer raw material crude prices and expectations for ample near-term supplies. ....

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