SINGAPORE: Asia’s 10 ppm sulphur gasoil margins kicked off the week on a low note of $17.60 a barrel in thin trading, as oil futures stayed firm after three straight weeks of gains.
Likewise, jet fuel refining margins fell to $15.43 a barrel.
Both products’ cracks continued to be weighed by sufficient supply for May, amid lacklustre buying activities on the arbitrage front - although some buying from southeast Asia for prompt parcels was still present.
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