Saturday, January 28, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Gas

Gasoil margins surge on firmer cracks in West

1 week ago
in Gas
Gasoil margins fall on cautious sentiment amid firm oil
Share on FacebookShare on Twitter


Asia’s 10-ppm sulphur gasoil margins surged on the back of positive news from other regions, but gains were capped by cautious sentiment on regional market fundamentals and thin activity ahead of the Lunar New Year.

Latest Oil News

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023
Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

January 26, 2023
Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

January 25, 2023
The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

January 24, 2023

Support came from expectations of prompt supply disruptions in northwest Europe on strike action and tightening supplies entering February-March in the United States on planned maintenance.

Asian traders, however, were bearish on sufficient regional supply for February-loading – as evidenced from the numerous offers from refiners via open tenders.

Refining margins closed the session at $35.71 a barrel.

Cash differentials rose slightly to $1.93 a barrel despite a lack of real discussion in the open market.

Jet fuel refining margins firmed even more to $34.88 a barrel on an open arbitrage to the West, resulting in narrower regrade at a discount of 83 cents a barrel.

SINGAPORE CASH DEALS

– No gasoil or jet fuel deals.

TENDERS

– South Korean refiners offer more Feb gasoil

INVENTORIES

– U.S. crude oil and gasoline inventories rose last week, while distillate stockpiles fell, according to market sources citing American Petroleum Institute figures on Wednesday.

– Middle distillate stocks held by up to 14 major oil and oil storage companies fell to a three-week low of 8.146 million barrels in the week to Jan. 18, according to data released on Thursday by Enterprise Singapore.
Source: Reuters





news.google.com

Tags: cracksfirmergasoilmarginssurgewest
Previous Post

Ark’s Wood remains bullish on Tesla, says oil stock rally ‘defying logic’ By Reuters

Next Post

Why 2023 will be another strong year for the oil industry

Related Posts

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

by Oil Market News
January 27, 2023
0

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Global Process Gas Reciprocating and Centrifugal Compressor Services Market in the Oil and...

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

by Oil Market News
January 26, 2023
0

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion ... Seeking Alpha news.google.com

Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

by Oil Market News
January 25, 2023
0

Oil Price Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate...

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

by Oil Market News
January 24, 2023
0

LNG Oil tanker supplying liquefied gas to the Lng terminal Over the last year, the world’s energy market has been...

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

by Oil Market News
January 23, 2023
0

The chief executive of Cenovus Energy Inc on Monday said friction between the federal and Alberta governments was making it...

Beetaloo gas fracking could start soon, despite NT government delay in implementing

Beetaloo gas fracking could start soon, despite NT government delay in implementing

by Oil Market News
January 22, 2023
0

The gas industry's peak body says licences to begin fracking in the Northern Territory could be issued in a month,...

Next Post
Why 2023 will be another strong year for the oil industry

Why 2023 will be another strong year for the oil industry

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Column: OPEC+ words contrast with Saudi action of raising oil prices: Russell

Column: OPEC+ words contrast with Saudi action of raising oil prices: Russell

8 months ago
A Nightmare Scenario For Offshore Oil

A Nightmare Scenario For Offshore Oil

9 months ago
AE Wealth Management LLC acquires 3,456 National Fuel Gas Company shares (NYSE:NFG)

AE Wealth Management LLC acquires 3,456 National Fuel Gas Company shares (NYSE:NFG)

6 days ago
Sudan, Emirati group to develop $6bn Red Sea port

Sudan, Emirati group to develop $6bn Red Sea port

2 months ago
Pipeline Politics Hits Multipolar Realities: Nord Stream 2 and the Ukraine Crisis

Pipeline Politics Hits Multipolar Realities: Nord Stream 2 and the Ukraine Crisis

9 months ago
ADVERTISEMENT
Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

January 27, 2023

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023

White House blasts Big Oil stock buybacks again as Chevron profits double

January 27, 2023

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

January 27, 2023

Crude Oil

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

January 27, 2023
Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

January 26, 2023
Opinion | Should the Strategic Petroleum Reserve Be Used Now?

Opinion | Should the Strategic Petroleum Reserve Be Used Now?

January 25, 2023
Rising Crude, Oil Products Inventories Weigh On Oil Prices

Rising Crude, Oil Products Inventories Weigh On Oil Prices

January 24, 2023

Investing

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023
ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

January 26, 2023
Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

January 25, 2023
Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

January 24, 2023

Market

Chevron profits slip as oil and gas prices fall

Chevron profits slip as oil and gas prices fall

January 27, 2023
Big Oil’s cash bonanza | Financial Times

Big Oil’s cash bonanza | Financial Times

January 26, 2023
NYC pension schemes test support for climate action at bank meetings

NYC pension schemes test support for climate action at bank meetings

January 25, 2023
Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

January 24, 2023

OPEC

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023
Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

January 26, 2023
Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

January 25, 2023
FG tasks 2023 OPEC’s President on attracting investments in oil

FG tasks 2023 OPEC’s President on attracting investments in oil

January 24, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.