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Ample inventory weighs on gasoil prices

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - The Asian gasoil cash differentials were under pressure on Monday from ample inventory in the region, with China cranking up exports and rare diesel exports seen from the Philippines, trade sources said.Traders were also focused on term negotiations with South Korean refiners still locked in discussions with buyers to sell gasoil and jet fuel for next year, the sources added.PHILIPPINES* Top Philippine oil refiner Petron Corp exported a diesel cargo in November in a rare move, and offered a December-loading shipment, trade sources said.Petron sold a November-loading ...

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First Published: Mon, December 03 2018. 16:12 IST