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Asian jet fuel refining margins climbed on Tuesday, despite firmer feedstock crude prices, as traders were hoping the Omicron variant of the coronavirus, which has so far shown mild symptoms, would not be substantially disruptive to demand recovery.
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Asia's cash premiums for 10 ppm gasoil rose to their highest in nearly two weeks on Monday, supported by firmer buying interests in the physical market, while the Dec/Jan time spread for the industrial fuel grade widened its backwardation.
Ben Affleck is our Dec/Jan cover star ⭐ In the new movie “The Tender Bar,” he plays Uncle Charlie, a bartender and loving mentor figure to a boy whose father is largely absent. “I felt like in a lot of scenes I was talking to my younger self,” he says. https://t.co/QOpuggxWCj…
The rest of the world has been on alert following South Africa's discovery of the new COVID-19 variant, Omicron. We made sure to reach out to one of the world's top virologist, Prof Tulio, for exclusive information regarding what that means for the vaccinated and unvaccinated. Take a listen