SINGAPORE Profits from producing gasoline have surged over 150% in Asia from June due to output cuts and refinery maintenance, industry sources said this week, but that may not last as a flood of new supply is expected to hit markets
* Gasoline profit-margins touch 9-week high of $6.68 a
SINGAPORE/LONDON Profit margins for making petroleum feedstock naphtha have hit their weakest in over a decade in Asia and a seven-year low in Europe as the global economy weakens and large-scale processing unit outages hurt demand.
* Large-scale Asian processing unit outages hit naphtha
* Large-scale Asian processing unit outages hit demand for
DHAKA/SINGAPORE, May 26 Energy traders Unipec
and Vitol placed the lowest offers in a tender by Bangladesh
Petroleum Corp to buy nearly 1.35 million tonnes of oil products
in the second half of 2019, sources said on Sunday.
* May profits more than $3/bbl lower than 10-yr average -
SINGAPORE A weak light oil distillates market, awash in supplies, has sent Asia's refining margin plunging below $3 a barrel this week for the first time since February, with no short-term rebound in sight for naphtha or gasoline.
SINGAPORE Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.
* Crude tanker transporting Asian gasoline to S.America