14 Mar 2017
oil-barrel

Crude Oil

Crude oil futures appeared to find some support as the weak began cautiously.  Brent settled just 2 cents below at $ 51.35 / bbl. WTI lost  9 cents to settle at $ 48.40 /bbl.
The market is awaiting further developments, the first of which shall come late this afternoon when API releases stock data.

 

Naphtha

Naphtha prices are marginally firmer today over yesterday.  The MOPJ crack for both March is valued at  $ 1.15 / bbl. and April at $ 1.10 /bbl.  The Singapore crack for March is valued at  – $ 0.5 /bbl whereas April is at -$ 0.7 /bbl.

Gasoline 

Gasoline cracks are at more or less at the same levels as yesterday. However, the flat price appears to have slipped into a mild contango, a bit bearish as compared to yesterday

The April crack is valued at $ 10.70 /bbl.

Middle Distillates

Gasoil cracks continue to weaken.  The March crack is now at $11.3 / bbl  while the April crack is around 20 cents lower at $ 11.15 / bbl.  Regrade values are unchanged from yesterday at -$1.00 and -$0.45 respectively.

180 CST Fuel Oil

Fuel Oil finally gave up a little ground today.  The March crack is valued at  -$ 3.8/bbl and April around -$ 3.7/bbl.

About this blog

 This blog post attempts to give a top level summary of the Singapore market goings on to a person who seeks to obtain a directional sense of the market on a daily basis.
Disclaimer : All the views are the author’s personal views. These do not constitute an advice to buy or sell any commodity

 

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