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Gasoil Spreads Wider as Crude Spreads Steady

OIL PRODUCTS

Gasoil 1-2 surged up from 50$/mt to 56.5$/mt (equivalent of 7.58$/bbl) this morning as tight supply and resilient demand continue to drive prices higher. The front spread has gradually risen from a low of 19$/mt on 20th May.

  • Gasoil JUN 22-JUL 22 up 6.5$/mt at 56.5$/bbl
  • Gasoil JUL 22-AUG 22 up 2$/mt at 49.25$/bbl
  • Gasoil DEC 22-DEC 23 up 13$/mt at 213.5$/bbl
  • Brent spreads are flowing the moves in futures and hovering just above levels from last week.
  • Brent AUG 22-SEP 22 up 0.14$/bbl at 2.83$/bbl
  • Brent DEC 22-DEC 23 up 0.17$/bbl at 16.15$/bbl

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