Weekend driving in U S , China pave way for gasoline market trust.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trust.org Daily Mail and Mail on Sunday newspapers.
Japan Japan s ENEOS said April 16 it has restarted its Sendai refinery in northeast Japan, which had been suspended since the strong earthquake offshore Fukushima on Feb. 13. ENEOS initially planned to restart the Sendai refinery in the first half of April. However, another earthquake of magnitude 6.9 occurred off the coast of Miyagi Prefecture, northeast Japan, on March 20. Then ENEOS delayed the restart schedule to mid-April. Japan s largest refiner ENEOS has restarted the sole 129,000 b/d crude distillation unit at the Chiba refinery in Tokyo Bay after completing scheduled maintenance on April 22, a spokesman said April 23. Japan s ENEOS said April 20 it shut the 170,000 b/d No. 2 crude distillation unit at its 247,000 b/d Kawasaki refinery in Tokyo bay on April 10 for unplanned repair work on a valve, and expected to restart at the end of April.
Singapore The Asian middle distillates complex in the week started April 11 would likely see mixed market sentiment. Gasoil continues to face pressure from growing supply and uneven demand even though an upward momentum was seen in the previous week from buyers looking to meet prompt requirements.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
The jet fuel market has seen little improvement on the back of curtailed flight operations as governments enforced strict COVID-19 travel restrictions. Industry sources noted some positive indicators could emerge as governments begin to adopt different strategies in tackling the pandemic.
Asia middle distillates: Key market indicators this week
The Asian middle distillates complex in the week started April 11 would likely see mixed market sentiment. Gasoil continues to face pressure from growing supply and uneven demand even though an upward momentum was seen in the previous week from buyers looking to meet prompt requirements.
The jet fuel market has seen little improvement on the back of curtailed flight operations as governments enforced strict COVID-19 travel restrictions. Industry sources noted some positive indicators could emerge as governments begin to adopt different strategies in tackling the pandemic.
Jet fuel/kerosene The balance April-May jet fuel/kerosene time spread was pegged at minus 42 cents/b at 0300 GMT April 12, widening 3 cents/b from minus 39 cents/b at the 0830 GMT Asian close on April 9, S&P Global Platts data showed.
Singapore Fundamentals in the Asian middle distillate markets is little changed from previous weeks for the week starting April 5. Gasoil continues to be characterized by a persistently growing supply length and lukewarm demand, while several industry indicators on the aviation front have said that the outlook for jet fuel remains challenging.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
ICE June Brent crude futures were up $1.59/b at $64.47/b at 0300 GMT April 5 from the 0430 GMT Asian close on April 1.
JET FUEL/KEROSENE The balance April-May jet fuel/kerosene timespread was pegged at minus 43 cents/b at 0300 GMT April 5 narrowing 3 cents/b from minus 48 cents/b at the 0830 GMT Asian close on April 1.