Asia's naphtha crack fell to a near 2-1/2-month low of $10.75 a tonne on Friday as concerns of a supply glut weighed on the market.
The gasoline crack fell to a three-session low of $6.10 a barrel, erasing firm gains made in the previous session amid active trade for physical cargoes in the Singapore trading window.
Naphtha stocks in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose 39% in the week to Thursday to a three-week high of 231,000 tonnes, data from Dutch consultancy Insights Global showed.
The rise was due to several deliveries from Algeria for gasoline blending demand as well as fading petrochemical demand, Lars van Wageningen of Insights Global said.
Gasoline stocks gained slightly due to a closed arbitrage to the United States as the summer driving season wraps up.
However, gasoline inventories did not gain further due to some demand from West Africa as well as from inland Germany because of an outage at a gasoline-making unit of a refinery.
Chevron Corp's 356,440 barrel-per-day Pascagoula, Mississippi, refinery is closely monitoring the progress of Hurricane Dorian, a company spokesman said on Thursday.
Dorian is churning across the Atlantic Ocean toward landfall on the Atlantic coast of Florida over the weekend and may enter into the eastern Gulf of Mexico next week, according to some computer models.
Refineries in Louisiana were not making preparations on Thursday for the storm, said people familiar with operations at Valero Energy Corp's Meraux, Louisiana, refinery and PBF Energy Inc's Chalmette, Louisiana, plant. Royal Dutch Shell Plc refineries in Norco and Convent, Louisiana, had no preparations under way on Thursday, a spokesman said.
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