MARKET EYE: Gasoil Weakens as Japan Boosts Exports

摘要

Gasoil crack spreads in the Asia-Pacific region have been easing off recent highs as gasoline takes its place center-stage, potentially adding more middle distillates to the product pool as refiners boost light-end output. Demand in Japan, meanwhile, shows signs of stabilizing amid sufficient stockpiles as refiners cut runs to levels not seen since before the Mar. 11 earthquake and tsunami, and exports ramp up.