A glut of gasoil in Asia-Pacific has resulted in cargoes shipping to Europe.Around 125,000 b/d of gasoline from the region is destined for Europe in February.Gasoil has been trading at discounts of up to 40/t to European prices in the Singapore market this month(see upper graph).Although European prompt demand is weak,refiners are building stocks ahead of the peak turnaround season in April-June.
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