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2025-09-18 18:29:49
Fuel Market Fluctuations: Data Reveals Potential Crisis] ⑴ Asian naphtha prices fell to $604 per metric ton on Thursday, in line with weakening crude oil prices. ⑵ The backwardation between spot and front-month naphtha remained stable at $6.25 per metric ton, while its refining margin fell to $94.90 per metric ton. ⑶ The gasoline crack spread fell below $13 per barrel due to rising Singapore inventories. ⑷ Data showed that Singapore light distillate inventories rose by 259,000 barrels in the week ending September 17, reaching a two-week high of 14.366 million barrels. ⑸ Meanwhile, the U.S. Energy Information Administration (EIA) reported that U.S. gasoline inventories unexpectedly fell by 2.3 million barrels to 217.6 million barrels last week. ⑹ Oil prices fell slightly after the Federal Reserve's interest rate cut, as the market weighed the start of loose monetary policy against concerns about the U.S. economy. ⑺ The head of a Russian oil company stated that oil demand in Asia continues to grow, and countries like China have been replenishing crude oil inventories. ⑻It is reported that a large Russian refining and petrochemical complex was affected by the attack in Ukraine, exacerbating market supply concerns.
