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Gasoil Time Spreads Rally Further on French Strikes

OIL PRODUCTS

Gasoil time spreads are still increasing as the ongoing French refinery strikes add to the tight supplies in Europe. The French government spokesman Olivier Veran today said that around 10% of petrol stations in the Paris area are struggling for fuel supply.

  • The Gasoil 2-3 spread is the highest since the start of May and the Dec22-Dec23 is the highest since late June.
  • Gasoil OCT 22 up 2.4% at 1214.25$/mt
  • Gasoil OCT 22-NOV 22 up 5.25$/mt at 93.25$/mt
  • Gasoil NOV 22-DEC 22 up 6.5$/mt at 59.25$/mt
  • Gasoil DEC 22-DEC 23 up 14.75$/mt at 216.25$/mt

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