Asian refining margins for jet fuel and benchmark 10 ppm gasoil slipped on Monday as crude oil prices rose to more than two-year highs.

Front-month refining margins, also known as cracks, for 10 ppm gasoil slipped to a two-week low of $8.24 a barrel over Dubai crude during Asian trading hours, down from a one-week high of $8.70 per barrel on Friday, Refinitiv data in Eikon showed.

Asian refining margins for 10 ppm gasoil have firmed recently as seasonal refinery turnarounds have tightened supplies, although regional demand continues to remain lacklustre due to COVID-19 restrictions.

The front month crack for jet fuel also fell to $6.03 a barrel over Dubai crude on Monday, down from $6.40 on Friday, Refinitiv Eikon data showed.

SINGAPORE CASH DEALS
No gasoil trades, no jet fuel deals

OTHER NEWS
Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.

ASSESSMENTS
 MID-DISTILLATES                                                             
 CASH ($/T)                     ASIA CLOSE     Change  % Change  Prev Close  RIC
 Spot Gas Oil 0.5%              76.36          0.66    0.87      75.70       GO-SIN
 GO 0.5 Diff                    -2.36          0.09    -3.67     -2.45       GO-SIN-DIF
 Spot Gas Oil 0.25%             76.46          0.66    0.87      75.80       GO25-SIN
 GO 0.25 Diff                   -2.26          0.09    -3.83     -2.35       GO25-SIN-DIF
 Spot Gas Oil 0.05%             76.64          0.68    0.90      75.96       GO005-SIN
 GO 0.05 Diff                   -2.08          0.11    -5.02     -2.19       GO005-SIN-DIF
 Spot Gas Oil 0.001%            78.61          0.56    0.72      78.05       GO10-SIN
 GO 0.001 Diff                  -0.11          -0.01   10.00     -0.10       GO10-SIN-DIF
 Spot Jet/Kero                  75.91          0.50    0.66      75.41       JET-SIN
 Jet/Kero Diff                  -0.35          0.06    -14.63    -0.41       JET-SIN-DIF
 Brent M1                                                                    
 Gasoil M1                                                                   
 Gasoil M1/M2                                                                
 Gasoil M2                                                                   
 Regrade M1                                                                  
 Regrade M2                                                                  
 Jet M1                                                                      
 Jet M1/M2                                                                   
 Jet M2                                                                      
 Gasoil 500ppm-Dubai Cracks M1                                               
 Gasoil 500ppm-Dubai Cracks M2                                               
 Jet Cracks M1                                                               
 Jet Cracks M2                                                               
 East-West M1                                                                
 East-West M2                                                                
 LGO M1                                                                      
 LGO M1/M2                                                                   
 LGO M2                                                                      
 Crack LGO-Brent M1                                                          
 Crack LGO-Brent M2

Source: Reuters (Reporting by Roslan Khasawneh; Editing by Amy Caren Daniel)