Asia distillates-diesel margin up slightly though market structure eases
USO•The Asian diesel refining margin rose to about $70 a barrel, while prompt timespreads eased slightly after a strong gain in the previous session. The margin had largely ranged between $60 and $70 a barrel so far this month.
1. Diesel margin edges higher
The Asian diesel refining margin rose slightly from the previous close to about $70 a barrel. Prompt timespreads eased slightly after a strong gain in the previous session, while the prompt crack had largely ranged between $60 and $70 a barrel so far this month. Spot diesel differentials remained near $1 a barrel this week.
2. Jet fuel trade resumes
A jet fuel trade emerged on the Singapore trading window for the first time in nearly two weeks. The jet fuel regrade was little changed so far this week, closing at a premium of 80 cents a barrel.
