Asian diesel cash premiums near four-month low as November refiner sales pick up
Asian diesel cash premiums slipped to nearly a four-month low while November refiner sales gained pace, per Newsmetry API data.
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what happened
Newsmetry API reports that Asia's diesel cash premiums fell to nearly their lowest level in four months. Spot activity in the window picked up, and more refiner sales for November were under way. Taiwan's FPCC offered gasoil for shipment in the second half of November, in both 10ppm and 500ppm sulphur grades.
The east-west spread closed near $180 a ton, but no cargoes on this route have surfaced yet for late-October or November loading. Some analysts expect swing barrels could still move west in the near term, as the arbitrage window widens this week. Refining margins (GO10SGCKMc1) dropped to $65.74 a barrel, giving back part of the prior session's gains.
The gasoil cash differential (GO10-SIN-DIF) closed at $1 a barrel, its lowest since end-June. Jet fuel offers from refiners were more subdued than gasoil, and the regrade (JETREG10SGMc1) barely moved, holding near a $1.6 premium. Singapore recorded one gasoil deal and no jet fuel deals. Official data on Thursday showed oil product stocks in Singapore rose to a one-month high.
why it matters
Weakening premiums and rising Singapore stocks point to ample diesel supply in Asia. Meanwhile, reports of Russian diesel export plans and strikes on refineries pull in the other direction, so traders will watch the east-west spread and the arbitrage window closely.
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- Diesel cash premiums near four-month low; Nov refiner sales upbeat — Newsmetry API, 15 October 2026 at 09:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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