Firming Asia regrade spread unlikely to spur shift in middle distillate refinery yields
March 14, 2024 Comments Off
The recent strengthening of the FOB Singapore physical and derivative regrade spread is unlikely to incentivize refiners — who have mostly been maximizing the production of gasoil through 2023 to-date — to shift yields toward higher production of jet fuel/kerosene in the near term. The Platts-assessed FOB Singapore physical regrade — the spread which measures the value of jet fuel…
Firming Asia regrade spread unlikely to spur shift in middle distillate refinery yields
The recent strengthening of the FOB Singapore physical and derivative regrade spread is unlikely to incentivize refiners — who have mostly been maximizing the production of gasoil through 2023 to-date — to shift yields toward higher production of jet fuel/kerosene in the near term. The Platts-assessed FOB Singapore physical regrade — the spread which measures the value of jet fuel…
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