<div id="readability-page-1"><div> Asia's diesel market activity remained tepid for a second consecutive session on Tuesday amid the holiday season, though some jet fuel sales were ongoing. The 10ppm sulphur gasoil market structures firmed slightly, though window discussions remained muted. Refining margins (GO10SGCKMc1) fell further to around $18.60 a barrel as thin spot liquidity continued to permeate the market.Cash differentials (GO10-SIN-DIF) gained slightly to 25 cents per barrel, reflecting the slightly wider paper market backwardation. For jet fuel, some swing volumes - 200,000 metric tons or more - from India are expected to hit Asian shores for December shipment, Kpler and LSEG shiptracking data showed, given the arbitrage windows favouring east of Suez markets earlier.These volumes are likely at their highest since January this year, the shiptracking data showed. China's WEPEC offered its second January spot cargo via a tender that closes today. Regrade (JETREG10SGMc1) inched up further to 70 cents per barrel, but cash differentials (JET-SIN-DIF) still fell to $1.64 a barrel - maintaining at two-month lows - amid lower offers on the trading window. SINGAPORE CASH DEALS - No deal for gasoil and jet fuel INVENTORIES- U.S. crude, gasoline and distillate inventories rose in the week ended December 19 as refining activity slowed and imports declined, the Energy Information Administration said on Monday. - U.S. crude oil stockpiles were expected to have fallen last week, while distillate and gasoline inventories likely rose, a preliminary Reuters poll showed on Monday.NEWS- Frontera Energy's Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the Canadian oil producer said on Monday.- Saudi Arabia, the world's biggest oil exporter, is expected to lower the February price for its flagship Arab Light crude for Asian buyers for a third month, mirroring declines in the spot market due to ample supplies, sources said.- The Caspian Pipeline Consortium, which delivers oil from Kazakhstan, said it had suspended oil exports from the Black Sea terminal on Monday due to bad weather.- China's factory activity likely shrank for a ninth month in December, as policymakers grapple with lagging domestic demand and sliding factory profits along with volatile trade relations with key export markets.PRICES<div><table><tbody><tr><td>MIDDLE DISTILLATES</td><td></td><td></td><td></td><td></td></tr><tr><td>CASH ($/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>79.47</td><td>0.36</td><td>79.11</td><td>(GO25-SIN)</td></tr><tr><td>GO 0.25 Diff</td><td>-0.13</td><td>0.02</td><td>-0.15</td><td>(GO25-SIN-DIF)</td></tr><tr><td>Spot Gas Oil 0.05%</td><td>79.02</td><td>0.36</td><td>78.66</td><td>(GO005-SIN)</td></tr><tr><td>GO 0.05 Diff</td><td>-0.58</td><td>0.02</td><td>-0.60</td><td>(GO005-SIN-DIF)</td></tr><tr><td>Spot Gas Oil 0.001%</td><td>79.85</td><td>0.37</td><td>79.48</td><td>(GO10-SIN)</td></tr><tr><td>GO 0.001 Diff</td><td>0.25</td><td>0.02</td><td>0.23</td><td>(GO10-SIN-DIF)</td></tr><tr><td>Spot Jet/Kero</td><td>81.87</td><td>0.42</td><td>81.44</td><td>(JET-SIN)</td></tr><tr><td>Jet/Kero Diff</td><td>1.64</td><td>-0.03</td><td>1.66</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="2">(BRENTSGMc1)</td><td></td><td></td></tr><tr><td>Gasoil M1</td><td colspan="2">(GOSGSWMc1)</td><td></td><td></td></tr><tr><td>Gasoil M1/M2</td><td colspan="2">(GOSGSPDMc1)</td><td></td><td></td></tr><tr><td>Gasoil M2</td><td colspan="2">(GOSGSWMc2)</td><td></td><td></td></tr><tr><td>Regrade M1</td><td colspan="2">(JETREGSGMc1)</td><td></td><td></td></tr><tr><td>Regrade M2</td><td colspan="2">(JETREGSGMc2)</td><td></td><td></td></tr><tr><td>Jet M1</td><td colspan="2">(JETSGSWMc1)</td><td></td><td></td></tr><tr><td>Jet M1/M2</td><td colspan="2">(JETSGSPDMc1)</td><td></td><td></td></tr><tr><td>Jet M2</td><td colspan="2">(JETSGSWMc2)</td><td></td><td></td></tr><tr><td>Gasoil 500ppm-Dubai Cracks M1</td><td colspan="2">(GOSGCKMc1)</td><td></td><td></td></tr><tr><td>Gasoil 500ppm-Dubai Cracks M2</td><td colspan="2">(GOSGCKMc2)</td><td></td><td></td></tr><tr><td>Jet Cracks M1</td><td colspan="2">(JETSGCKMc1)</td><td></td><td></td></tr><tr><td>Jet Cracks M2</td><td colspan="2">(JETSGCKMc2)</td><td></td><td></td></tr><tr><td>East-West M1</td><td colspan="2">(LGOAEFSMc1)</td><td></td><td></td></tr><tr><td>East-West M2</td><td colspan="2">(LGOAEFSMc2)</td><td></td><td></td></tr><tr><td>LGO M1</td><td colspan="2">(LGOAMc1)</td><td></td><td></td></tr><tr><td>LGO M1/M2</td><td colspan="2">(LGOASPDMc1)</td><td></td><td></td></tr><tr><td>LGO M2</td><td colspan="2">(LGOAMc2)</td><td></td><td></td></tr><tr><td>Crack LGO-Brent M1</td><td colspan="2">(LGOACKMc1)</td><td></td><td></td></tr><tr><td>Crack LGO-Brent M2</td><td colspan="2">(LGOACKMc2)</td><td></td><td></td></tr></tbody></table></div></div></div>

Asia's diesel market remained quiet amid the holiday season, with slight firming in the 10ppm sulphur gasoil market structures. Refining margins fell to $18.60 a barrel, while cash differentials gained to 25 cents per barrel. Jet fuel cash differentials dropped to $1.64 a barrel, maintaining two-month lows. U.S. crude and gasoline inventories rose, while Frontera Energy signed a $120 million agreement with Chevron. Saudi Arabia is expected to lower February prices for Arab Light crude, and the Caspian Pipeline Consortium suspended oil exports due to bad weather.

Diesel market structure gains slightly; jet fuel cash diffs slip further