Logo

Asia Diesel backwardation widens; Pertamina seeks Oct gasoil

Asia’s diesel markets went back into a deeper backwardation, while cash differentials rose to two-month highs as front-month trading sentiment remained upbeat amid a slight surge in October buying activities. Support came from prompt buying activities from regional importers, with Indonesia’s Pertamina seeking up to 1.1 million barrels of high sulphur gasoil for prompt October …

Source

Related News

Performance Shipping secures sale and leaseback fo...

35 minutes ago

Stena Bulk CEO Erik Hånell stepping down after 14 ...

2 minutes ago

LNG market lacks capacity to bridge supply gap fro...

30 minutes ago

Shell forecasts global LNG demand to surge up to 8...

1 hour ago

China’s crude oil output returns to growth in firs...

2 hours ago