Asia’s naphtha refining profit margin gained on Friday after underlying prices fell in tandem with weakness in crude oil benchmarks and as window activity remained thin.

The crack traded at $66.63 per metric ton over Brent crude, compared with $63.90 a day earlier.

In gasoline market, a flurry of trades at the window for the benchmark-grade of the fuel lifted market sentiment. The refining profit margin was steady at $7.95 per barrel over Brent crude on Friday.

Meanwhile, gasoline stocks at Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub declined to 1.169 million ton in the week to July 31, Insights Global data showed.

Naphtha inventories were steady at 587,000 tons, the data showed.

NEWS

– Exxon Mobil beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas production helped the top U.S. oil producer overcome lower crude prices.

SINGAPORE CASH DEALS

Four gasoline deals.
Source: Reuters