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DUBAI FUTURES: Brent/Dubai April EFS widens as market awaits tender outcomes | Hellenic Shipping News Worldwide

DUBAI FUTURES: Brent/Dubai April EFS widens as market awaits tender outcomes The front-month exchange of futures for swaps widened at the Asia opening on Feb. 17 as the market awaited the outcome of key Asian buy tenders. The April Exchange of Futures for Swap was valued at $1.90/b at 11 am (0300 GMT) Singapore time on Feb. 17, up 10 cents/b from the Asian close on Feb. 16, S&P Global Platts data showed. The Brent/Dubai EFS is a key indicator of the spread between light, sweet and heavy, sour crudes, and a wide EFS makes crude priced against Dubai more economically attractive for Asian refiners compared to Brent-linked ones.

Brent premium to Dubai hits highest since January 2020 -data

Middle East Crude-Benchmarks rise; Brent-Dubai spread widest since Jan 2020

Middle East Crude-Benchmarks rise; Brent-Dubai spread widest since Jan 2020
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Asia middle distillates: Key market indicators this week | Hellenic Shipping News Worldwide

Asia middle distillates: Key market indicators this week The Asian middle distillate complex opened the week of Jan. 18 on a mixed note. The jet fuel/kerosene market remained supported by seasonal kerosene demand from Northeast Asia, but lackluster requirements from the downstream aviation sector capped gains. Meanwhile in the gasoil market, the middle distillate shrugged off healthy regional supply balances to remain steady-to-firmer, with regional demand providing support. ICE March Brent crude futures fell $1.07/b at $54.66/b at 0300 GMT Jan. 18 from the 0430 GMT Asian close on Jan. 15. Jet fuel/Kerosene The front-month February/March jet fuel/kerosene timespread was firmer at minus 25 cents/b at 0300 GMT, narrowing 2 cents/b from the Asian close on Jan. 15.

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