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Asia Distillates-Gasoil, jet cash differentials climb as supplies narrow

    SINGAPORE, Sept 10 (Reuters) - Asia's benchmark gasoil and jet fuel cash differentials
firmed on Friday, lifted by signs of improved demand and narrowing supplies. 
    Cash premiums for 10ppm gasoil climbed to a more than one-year high of 38 cents a barrel on
Friday, up 4 cents from the previous session and its highest since July 2020. GO10-SIN-DIF
    Sentiment in the gasoil market has been buoyed by strong arbitrage demand from the West and
lower regional exports in recent weeks that have helped tighten supplies at key storage hubs.
    The jet fuel cash differential climbed to minus 8 cents a barrel to Singapore quotes, up
from minus 14 on Thursday and a 1-1/2-month low of minus 25 cents on Monday as pockets of
aviation demand emerge. JET-SIN-DIF
        
    ARA INVENTORIES
    Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and
storage hub STK-GO-ARA jumped 9% to 2.24 million tonnes in the week ended Sept. 9, according
to Dutch consultancy Insights Global.
    Gasoil stocks rose amid high imports to ARA, said Insights Global's Lars van Wageningen.
    ARA jet fuel inventories STK-JET-ARA were virtually unchanged this week at 1.03 million
tonnes, down just 4,000 tonnes from the previous week.
    In Singapore, middle distillate inventories plummeted 13% to a near two-year low of 9.92
million barrels in the week to Sept. 8, Enterprise Singapore data showed on Thursday.
    The middle distillate inventories, last lower in January 2020, were down 34% from a year
earlier. 
    In the United States, distillate stockpiles, which include diesel and heating
oil, fell by 3.1 million barrels, versus expectations for a 2.6 million-barrel drop.

        
    LASTING EFFECTS 
    Two weeks of losses in U.S. offshore energy production spiralled on Thursday, with prolonged
outages from Hurricane Ida leading to oil contract cancellations around the globe.
    The storm has removed more than 20 million barrels of U.S. Gulf production from the market.
Some 1.39 million barrels per day of crude and 1.72 billion cubic feet per day of natural gas
output were shut-in on Thursday, according to offshore regulator Bureau of Safety and
Environmental Enforcement.
    
    SINGAPORE CASH DEALS
    Two 10 ppm gasoil trades, none in jet fuel.
    
    ASSESSMENTS
 MID-DISTILLATES                                                                              
 CASH ($/T)              ASIA CLOSE          Change    % Change      Prev       RIC
                                                                     Close      
 Spot Gas Oil 0.5%                    76.57      0.26          0.34      76.31  GO-SIN
 GO 0.5 Diff                          -3.32     -0.02          0.61      -3.30  GO-SIN-DIF
 Spot Gas Oil 0.25%                   76.67      0.26          0.34      76.41  GO25-SIN
 GO 0.25 Diff                         -3.22     -0.02          0.63      -3.20  GO25-SIN-DIF
 Spot Gas Oil 0.05%                   76.87      0.27          0.35      76.60  GO005-SIN
 GO 0.05 Diff                         -3.02     -0.01          0.33      -3.01  <GO005-SIN-DIF
                                                                                >
 Spot Gas Oil 0.001%                  80.27      0.32          0.40      79.95  GO10-SIN
 GO 0.001 Diff                         0.38      0.04         11.76       0.34  GO10-SIN-DIF
 Spot Jet/Kero                        77.00      0.51          0.67      76.49  JET-SIN
 Jet/Kero Diff                        -0.08      0.06        -42.86      -0.14  JET-SIN-DIF
                                                                                              
 For a list of derivatives prices, including margins, please double click the                 
 RICs below.                                                                    
 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                                                                           
 
 (Reporting by Roslan Khasawneh;
Editing by Vinay Dwivedi)
  
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