Gasoil Spreads Drift Lower

Gasoil time spreads drifting lower as Brent crude spreads hold steady.

• Prompt time spreads for Gasoil are drifting lower with the Aug-Sep down to 20$/mt and Sep-Oct at 15.25$/mt. The front spread has fallen from a peak just below 34$/mt on 15th July.
• Longer dated spreads have remained more stable with the Dec22-Dec23 spreads bouncing between 100$/mt and 140$/mt for most of the last month.
• The Brent prompt spreads however remains near the record levels on approximately 5$/bbl reached earlier this week.
• Gasoil AUG 22-SEP 22 down -1.75$/mt at 20.25$/mt
• Gasoil SEP 22-OCT 22 down -2$/mt at 15.25$/mt
• Gasoil DEC 22-DEC 23 down -1.25$/mt at 119.5$/mt
• Brent SEP 22-OCT 22 down -0.1$/bbl at 4.84$/bbl
• Brent OCT 22-NOV 22 down -0.03$/bbl at 2.29$/bbl
• Brent DEC 22-DEC 23 up 0.19$/bbl at 9.04$/bbl