Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Asia Gasoil Crack Falls; Trafigura Sells Gasoline: Oil Products

Nov. 28 (Bloomberg) -- Refining profits from naphtha and gasoil fell in Asia, while losses from fuel oil widened. Trafigura Beheer BV, sold four gasoline cargoes in Singapore.

Light Distillates

Naphtha’s premium to London-traded Brent crude futures, a measure of the profit from the petrochemicals and gasoline feedstock, dropped to $52.17 a ton at 5:45 p.m. Singapore time from $61.88 at the end of Asian trading on Nov. 24, according to data compiled by Bloomberg.

Total SA sold 25,000 tons of naphtha for delivery in the second half of January to BP Plc at $872.50 a ton, according to a Bloomberg News survey of traders who monitored transactions on the Platts window today.

Trafigura sold three cargoes of 92-RON gasoline at $107.70 a barrel to Vitol Group, and sold a fourth cargo at $108.20 a barrel to PetroChina Co. Arcadia Petroleum Ltd. bought 50,000 barrels of 92-RON from BP at $108.40 a barrel.

Middle Distillates

PetroChina sold 150,000 barrels of gasoil with 0.5 percent sulfur to Cargill Inc. at a premium of 60 cents above benchmark prices published by Platts, the survey showed.

Gasoil’s premium to Dubai crude oil fell 13 cents, or 0.7 percent, to $18.53 a barrel at 5 p.m. Singapore time, according to data from PVM Oil Associates Ltd. The spread, a measure of refining profitability from the fuel, is at the narrowest since Oct. 24.

Fuel Oil

Fuel oil’s discount to Dubai crude widened 19 cents to $4.19 a barrel, based on PVM data.

The premium of 180-centistoke fuel oil to 380-centistoke grade, or the viscosity spread, was at $14.50 a ton.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.