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Tight Balances Support Singapore Gasoline: Kpler

OIL PRODUCTS

The Singapore 95 RON gasoline crack spread has been outperforming all the other global benchmarks amid tight balances and the rest of Q1 remains constructive according to Kpler.

  • Seasonal demand should stay strong with imports from the major gasoline importing countries in Southeast Asia remaining elevated, especially amid scheduled refinery maintenance work in Vietnam and Malaysia.
  • Exports from key suppliers to the region to remain constrained in the short-term. China is the second largest gasoline supplier to Asia-Pacific after Sout Korea and is expecting a demand increase during the Chinese Lunar New Year holidays, followed by a milder seasonal rise.
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