Asia Distillates-Gasoil refining margins post weekly gain


Air travel in Asia remains "heavily" compromised by COVID-19 restrictions, but recent easing of curbs in countries such as India and Malaysia was helping traffic to recover, the International Air Transport Association (IATA) said.

Asian refining margins for 10 ppm gasoil rose on Friday, and posted a weekly gain of 19%, buoyed by recovering demand amid limited regional supplies.

The gasoil cracks, however, have shed about 40% since hitting a record high of US$44.04 earlier this month as some Asian refiners ramped up output or delayed planned maintenance to cash in on higher profits.

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Asia distillates , gasoil , refining , margins , aviation , Malaysia ,

   

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