Singapore May 30 2023: Russian diesel discount of $30 a barrel to free-on-board Middle East quotes pulls Asia’s premium on Asia’s diesel spot prices by $8 a barrel in last two months.
Russian 10 ppm sulphur gasoil cargoes are traded at discounts of around $30 a barrel to free-on-board Middle East quotes, versus Asia’s spot premiums for the same grade at 16 cents a barrel to Singapore quotes, according to trade sources and Refinitiv data.
Asia’s 10 ppm sulphur gasoil spot premiums and refining margins have fallen by more than $8 and $1.50 a barrel, respectively, in the last two months, Refinitiv Eikon data showed.
Source:
Reuters
