September 17, 2024 10:57 GMT
OIL PRODUCTS: Asia’s ULSD Cracks Hits Three-Year Low: Reuters
OIL PRODUCTS
Asia’s ULSD refining margins have dropped to a three-year low, according to Reuters.
- The ULSD crack in Asia fell to $11/b, down from $11.50/b the previous day. This is the lowest level since Dec. 2021.
- The crack has slipped back due to excess supply in the region, coupled with a soft derivatives market and depressed prices.
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