Asia refining margins

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August undefined, 2024

Web1 day ago · Complex refinery margins in Singapore , the bellwether for Asian refining margins, have more than halved to USD 3.17 a barrel - the lowest since October 2024 - from an average of USD 7.56 in March. WebJan 8, 2024 · Margins at a typical complex refinery in Singapore fell on Friday to $5.93 a barrel, the lowest since May 23, the data showed. Seasonally, the margins are the lowest since 2010 for early January. The drop in profits could reduce Asian refiners' demand for incremental crude in the near term and weigh on global prices.

Asia-Pacific oil recovery: Profit slump to continue in 2024

Web2 days ago · Asia’s top oil importers are snapping up spot cargoes after Saudi-led OPEC+ output cuts and higher selling prices rocked the global crude market, leaning in to grab barrels even as refining... WebOverall complex refining margins in Asia (Singapore) trended lower in February, declining from $12 at the end of January to $6 in mid-February; then margins stayed in the $5-6 range for the second half of the month. The decrease in Asian refining margins was led by gasoil cracks. European gasoil had been leading global distillate markets ... butcherknife brewery steamboat

Asia Distillates Gasoil refining margins rise Reuters

WebFeb 21, 2024 · In the fourth quarter of 2024 Brent crude futures rallied strongly as the market expected, and then got, a deep output cut from OPEC+. However, Asia's refining margins collapsed at the same... WebFeb 3, 2024 · New York — Refining margins in Asia are trending lower as coronavirus fears create demand uncertainty, while margins in other regions appear unaffected as planned and unplanned outages cut supply, an analysis from S&P Global Platts showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your … WebJun 1, 2024 · Join Our Community. Asian refiners are struggling with a major slump in profit margins because of the resurgence in Covid-19 infections in the region, Bloomberg has … butcherknife brewing

Global oil refiners crank up output as margins recover to pre …

Fewer capacity-addition plans will boost Asia refining margins

WebJul 26, 2024 · Asia refining margins vs Brent crude WEAKENING OUTLOOK. Naphtha, which is mainly used to make plastics and chemicals, has been faring even worse than … WebApr 12, 2024 · But the refining margin, known as crack, has fallen sharply since as imports from Asia, the Middle East and the United States rose to record highs in recent months, pushing regional stocks higher. The restart of several French refineries this week following outages as a result of strike action have further weighed on diesel prices, traders said. butcher knife brewery steamboat springsWebJul 12, 2024 · In the last three weeks, the benchmark Singapore refining margin more than tripled to US$9.37 a barrel at Thursday’s close of Asian markets, from just US$2.74 per … ccs torreon

"WebAug 2, 2024 · The country's combined gasoil and gasoline output was at 1.53 million mt in May, up 16% from April. Malaysia's gasoline production climbed 9.7% on the month and 21% on the year to 644,917 mt (176,832 b/d) in May, while gasoil output rose 22% on the month but fell 3.7% on the year, to 886,360 mt. " - Asia refining margins

Asia refining margins

Red-hot Asia diesel margins may peak in June as supplies rise ... - Reuters

Web2 days ago · 4/13/2024. (Reuters) - Benchmark Northwest European diesel refining margins dropped to $17.70 a barrel on Wednesday, their lowest since Feb. 25, 2024, a day after Russia launched its invasion of Ukraine, data showed. Russia was a major supplier of diesel to Europe until the region banned imports of Russian fuel in February 2024. WebApr 29, 2024 · Profit margins for complex refineries in Singapore, the bellwether for Asian refiners, tipped over $20 a barrel on Wednesday. Gasoline, diesel and jet fuel crack spreads all hit fresh record...

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WebJul 25, 2024 · Diesel-cracking margins in Asia have also been under pressure. They’ve fallen 40% from their recent peak in late June but remain more than double the level … WebJul 15, 2024 · Asia’s red-hot fuel markets are cooling off as demand starts to ease while refiners keep processing rates high, dragging down the industry’s margins across the region. Returns from processing ...

WebFeb 3, 2024 · New York — Refining margins in Asia are trending lower as coronavirus fears create demand uncertainty, while margins in other regions appear unaffected as … WebJun 8, 2024 · The Asian gasoline market has strengthened on the back of strong buying interest from Indonesia and Malaysia. Malaysian demand was expected to remain supported by improved mobility following the planned turnaround of the …

WebDec 8, 2024 · Asia’s refining margins, excluding the impact of inventory gains or losses, may remain at about breakeven level in 2024. We expect a Singapore complex margin of $1 a barrel in 2024, a... WebJul 26, 2024 · LAUNCESTON: Refining margins in Asia have collapsed in recent weeks, leaving refiners on the precipice of making losses on every barrel of crude oil processed. The question is how will refiners, crude oil producers and consumers respond to this rapid shift in market dynamics.

WebJul 26, 2024 · LAUNCESTON, Australia, July 26 (Reuters) - Refining margins in Asia have collapsed in recent weeks, leaving refiners on the precipice of making losses on every barrel of crude oil processed....

WebMar 10, 2003 · Average Asia refining margins deteriorated in 2002 from previous year levels. The last quarter of 2002 was an exception, however, which could be a turning point for Asia refining margins. ccst orthodonticsWeb1 day ago · Complex refinery margins in Singapore DUB-SIN-REF, the bellwether for Asian refining margins, have more than halved to $3.17 a barrel - the lowest since October … butcher knife iconWebApr 11, 2024 · Rising output to boost global refining margins. The Middle East’s monthly diesel exports to northwest Europe averaged above 1 million tonnes for the first quarter of 2024, up from 785,000 tonnes a month in the final quarter of 2024, according to Refinitiv data. ... Volumes to Asia also reached a new high for March. ccs towersWebJul 1, 2024 · First, refining margins are above the depths of a year ago but still very low. The recovery has been uneven for refining – gasoline demand has bounced with China and the US leading the way,... ccs toshibaWebApr 29, 2024 · Profit margins for complex refineries in Singapore, the bellwether for Asian refiners, tipped over $20 a barrel on Wednesday. ... Asia oil refining margins hit all-time … ccs towingWebApr 12, 2024 · SINGAPORE, April 12 (Reuters) - Asia's 10 ppm sulphur gasoil refining margins declined for the third consecutive day, closing at $15.77 a barrel, as the sell-off for prompt physical parcels continued amid bearish trading sentiment. The prompt-forward spread in the gasoil paper market turned to a ... butcher knife in bangaloreWeb1 day ago · Complex refinery margins in Singapore, the bellwether for Asian refining margins, have more than halved to $3.17 a barrel - the lowest since October 2024 - from an average of $7.56 in March. butcher knife in valheim