China Distillates The fuel's increase, the cash price dips

China Distillates The fuel's increase, the cash price dips ...

The oil prices dropped on the iceberg, an average of $3,200.

The refining margin, also known as cracks, for gasoline, which ran for ten.90 per barrel, during Asian trading hours, as well as 10,71 per barrel in the days preceding day.

Money to take fuel in the city's capital are pushed back to a cents per barrel, as of Wednesday's exchange rate, down from 75 cents per barrel earlier this week. The differentials hit a 84 cents increase in three years earlier this week.

The Jan/Feb time spread for jet fuel decreased its backwards on Wednesday by 6 cents to 33 cents per barrel, a Refinitiv report shows.

QUARANTINE-FREE TRAVEL FREEZE.

- Singapore will freeze all new tickets for flights and buses under its quarantine-free travel program on dc, 23 to 20 Jan, government said on Wednesday, citing risk of the rapidly spreading Omicron COVID-19 variant.

- Under the vaccinated travel lane programme, Singapore allows the use of quarantine-free entry from some countries to fully vaccinated travelers on designated flights or buses. All travellers must undergo routine exams.

- Singapore designed these lanes for about two dozen countries, including Australia, India, the United Kingdom and the United States.

INVENTORS APARTMENTS are AN INVENTION.

- Middle-distillate inventories in the Fujairah oil industry zone dropped by 7.3% to a three-week low of 2.1 million barrels the same data reported in the week ended Dec 20.

- According to analysis, the weekly stocks in Fujairah have averaged 3.6 million barrels this year, compared to 4.2 million barrels in 2020.

In the week ended Dec. 17, U.S. distillate inventories fell by 829,000 barrels, citing market sources.

SINGAPORE DEALS ON SINGAPORE CASH.

- Three gasoil deals, no jet fuel dumping.

There are other things that please us.

- Indonesian government-owned energy company PT Pertamina issued a tender seeking up to 1,2 million barrels of high-speed diesel (HSD) to be delivered in January. The company said the cost of fuel supply is its highest priority, because the workers' union will hold a national strike from Dec. 29 and Jan. 7 due to labour conditions problems.

- The South Korean refinery SK Energy plans to shut its 60,000 barrel-per-day crude unit in Ulsan between March and April for a month of routine maintenance, a Reuters official said on Tuesday.

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