Asia’s gasoline prices GL92-SIN edged lower on Wednesday as refining margins remained weak while no trade was done at the physical window.
On the naphtha front, cracking margins NAF-SIN-CRK continued to stay little changed at $38.25 per metric ton, as the market was waiting for clarity on oil supply policy from the OPEC+ group and on demand outlook.
An OPEC technical panel invited a top financial market dealer to give a presentation this week that painted a bearish outlook for the oil market, according to materials from the presentation seen by Reuters.
Source: Hellenic Shipping News
