EnergyScan

EnergyScan logo
LOG IN
START A FREE TRIAL
LOG IN
START A FREE TRIAL

Despite weak Indian demand, Asian gasoil prices reach 100 $/b

  • Oil

ICE Brent crude price topped 86 $/b before this weekend, with Asian gasoil prices reaching 100 $/b at the prompt, due to a continued rally in diesel and jet cracks. Singapore inventories continued to show depleting diesel stockpiles (-1 mb last week, close to pre-GFC lows), as China exports at a subdued level (below 200 kb/d). Still, in India, Gasoil demand appeared to be declining for the first 15 days of January, at 1.2 mb/d. Indeed, with the resurgence of COVID, trucking activity declined by 10% pts from December to 75%.   

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-power
September 3, 2021

Curve prices up on higher clean fuel costs

NWE spot baseload power prices weakened yesterday, to €112.303/MWh on average for today delivery (compared to €118.879/MW for Thursday), pressured by forecasts of higher wind…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
LOG IN

Don’t have an account yet?  Sign up here!

[booked-calendar]