<div id="readability-page-1"><div> Asia's diesel front-month timespreads went back on a downward trajectory, nearing mid-month assessment month rollover, against a backdrop of rising supply expectations as January discussions went on. January northeast Asia refiner sales were still done at discounts linked to FOB Singapore quotes, amid rising supply expectations as most refining units were back in high production levels after maintenance.Refining margins (GO10SGCKMc1) declined for a third straight session to around $20.7 a barrel.On the trading window, activity stayed muted - evidenced from the lack of spot deals while cash differentials (GO10-SIN-DIF) slipped slightly to below 60 cents per barrel.Jet fuel spot markets stayed upbeat, given the recent surge in kerosene demand, owing to the colder winter season, with refiner deals mostly done at premiums so far.Regrade (JETREG10SGMc1) barely moved, remaining at premiums of 20-30 cents per barrel. SINGAPORE CASH DEALS - One jet fuel deal, no gasoil deal INVENTORIES- U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday. - Singapore's distillate stocks slipped nearly 8% week on week amid rising jet fuel net exports and higher diesel/gasoil net imports, official government data showed on Thursday. NEWS- Oil prices eased on Thursday as investors shifted their focus back to Russia-Ukraine peace talks, while watching for any fallout from a U.S. seizure of a sanctioned tanker off the coast of Venezuela. - Kazakhstan said on Thursday that it was adjusting down 2026 oil production plans due to expected maintenance at major oilfields and amid major damage from a Ukrainian drone attack on the Black Sea terminal used by the Caspian Pipeline Consortium (CPC).- The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas.PRICES<div><table><tbody><tr><td colspan="2">MIDDLE DISTILLATES</td><td></td><td></td><td></td></tr><tr><td>CASH ($/BBL)</td><td>ASIA CLOSE</td><td>Change</td><td>Prev Close</td><td>RIC</td></tr><tr><td>Spot Gas Oil 0.25% </td><td>81.90</td><td>-1.05</td><td>82.94</td><td>(GO25-SIN)</td></tr><tr><td>GO 0.25 Diff</td><td>-0.19</td><td>-0.10</td><td>-0.09</td><td>(GO25-SIN-DIF)</td></tr><tr><td>Spot Gas Oil 0.05%</td><td>81.41</td><td>-1.05</td><td>82.45</td><td>(GO005-SIN)</td></tr><tr><td>GO 0.05 Diff</td><td>-0.68</td><td>-0.10</td><td>-0.58</td><td>(GO005-SIN-DIF)</td></tr><tr><td>Spot Gas Oil 0.001%</td><td>82.65</td><td>-1.04</td><td>83.69</td><td>(GO10-SIN)</td></tr><tr><td>GO 0.001 Diff</td><td>0.56</td><td>-0.10</td><td>0.66</td><td>(GO10-SIN-DIF)</td></tr><tr><td>Spot Jet/Kero</td><td>84.54</td><td>-1.28</td><td>85.82</td><td>(JET-SIN)</td></tr><tr><td>Jet/Kero Diff</td><td>1.73</td><td>-0.31</td><td>2.04</td><td>(JET-SIN-DIF)</td></tr><tr><td colspan="5">For a list of derivatives prices, including margins, please double click the RICs below.</td></tr><tr><td>Brent M1</td><td colspan="4">(BRENTSGMc1)</td></tr><tr><td>Gasoil M1</td><td colspan="4">(GOSGSWMc1)</td></tr><tr><td>Gasoil M1/M2</td><td colspan="4">(GOSGSPDMc1)</td></tr><tr><td>Gasoil M2</td><td colspan="4">(GOSGSWMc2)</td></tr><tr><td>Regrade M1</td><td colspan="4">(JETREGSGMc1)</td></tr><tr><td>Regrade M2</td><td colspan="4">(JETREGSGMc2)</td></tr><tr><td>Jet M1</td><td colspan="4">(JETSGSWMc1)</td></tr><tr><td>Jet M1/M2</td><td colspan="4">(JETSGSPDMc1)</td></tr><tr><td>Jet M2</td><td colspan="4">(JETSGSWMc2)</td></tr><tr><td>Gasoil 500ppm-Dubai Cracks M1</td><td colspan="4">(GOSGCKMc1)</td></tr><tr><td>Gasoil 500ppm-Dubai Cracks M2</td><td colspan="4">(GOSGCKMc2)</td></tr><tr><td>Jet Cracks M1</td><td colspan="4">(JETSGCKMc1)</td></tr><tr><td>Jet Cracks M2</td><td colspan="4">(JETSGCKMc2)</td></tr><tr><td>East-West M1</td><td colspan="4">(LGOAEFSMc1)</td></tr><tr><td>East-West M2</td><td colspan="4">(LGOAEFSMc2)</td></tr><tr><td>LGO M1</td><td colspan="3">(LGOAMc1)</td><td></td></tr><tr><td>LGO M1/M2</td><td colspan="4">(LGOASPDMc1)</td></tr><tr><td>LGO M2</td><td colspan="3">(LGOAMc2)</td><td></td></tr><tr><td>Crack LGO-Brent M1</td><td colspan="4">(LGOACKMc1)</td></tr><tr><td>Crack LGO-Brent M2</td><td colspan="4">(LGOACKMc2)</td></tr></tbody></table></div></div></div>

Asia's diesel timespreads are softening due to rising supply expectations, with January refiner sales at discounts. Refining margins declined for the third session, and trading activity is muted. Jet fuel markets are strong due to increased kerosene demand. U.S. crude inventories fell, while distillates rose. Oil prices eased amid Russia-Ukraine peace talks and a U.S. tanker seizure off Venezuela. Kazakhstan adjusts 2026 oil production plans due to maintenance and damage from a drone attack.

Diesel timespreads soften; some January refiner sales in discount