Summary
Asian refining margins for gasoil have climbed to their highest in eight months as some regional refinery issues and run cuts have tightened supplies, while firmer domestic demand in South Korea has led to a drop in exports from the country.
Strong margins for middle distillates have underpinned overall profits for Asian refiners. Gasoil margins are also expected to find support from demand to meet new rules requiring lower sulphur for ship fuel that will likely consist of low-sulphur gasoil.
Refining margins, also known as a crack spread, for gasoil with 10 parts per million (ppm) sulphur content rose to $17.06 a barrel over Dubai c......