Asia’s diesel markets continued to record a bout of thin liquidity on window on Monday, though some more leftover January selling interest could still emerge in the next few days.

The January-February paper market for 10ppm sulphur gasoil structure barely moved, with front-month ICE gasoil futures gaining slightly towards the close of Asian trading hours amid rising crude futures.

Refining margins (GO10SGCKMc1) inched back down to $18.8 a barrel.

Cash differentials (GO10-SIN-DIF) steadied at 23 cents per barrel premium, amid a lack of spot window discussions.

Meanwhile, the Asia-U.S. west coast arbitrage window for jet fuel remained sufficiently wide, though discussions were minimal given the holiday season.

Regrade (JETREG10SGMc1) hovered in the 50-70 cents per barrel range.

SINGAPORE CASH DEALS

– No deal for gasoil or jet fuel

REFINERY NEWS

– U.S. oil refiners are expected to have about 145,000 barrels per day (bpd) of capacity offline in the week ending Dec. 26, increasing available refining capacity by 41,000 bpd, research company IIR Energy said on Friday.

NEWS

– Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.
– Serbia supports talks over the sale of a majority stake in the country’s sanctioned NIS oil company currently taking place between its Russian owners and Hungary’s MOL MOL.BU, the Tanjug news agency reported on Thursday, citing Serbia’s energy minister.
– Oil prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against potential oil supply disruption in the Middle East.
Source: Reuters