Refinery disruption supports gasoline

摘要

1. A fire at a refinery in Taiwan supported the gasoline and gasoil markets. But thin demand weighed on naphtha prices and falling freight rates boosted fuel oil imports to Asia-Pacific. 2. High fuel oil imports weighed on the Singapore market. Prompt fuel oil swaps flipped to a discount to the second month for the first time since mid-September (see graph). Lower viscosity fuel oil values rose in anticipation that the wave of higher viscosity imported grades will boost demand for lighter blendstocks.