NEW DELHI, Feb 16 (Reuters) - Asia’s gasoline refining profit margin rose on Monday, but sentiment remained negative amid lower-than-expected demand from key buyers and abundant supplies.
The crack climbed to $6.14 per barrel over Brent crude, compared with about $4 in the previous session.
At the deals window, 100,000 barrels of the higher 95-octane grade of gasoline changed hands, market participants said.
In tenders, India’s MRPL offered two parcels of 95-octane non-oxygenated fuel for loading between March 4-5, the company said in a document. The tender closes on Tuesday with same-day validity.
The Singapore market closed early on Monday on account of a public holiday on Tuesday and Wednesday.
<h3>NEWS</h3>
<ul>
<li>Iran is pursuing a nuclear agreement with the U.S. that delivers economic benefits for both sides, an Iranian diplomat was reported as saying on Sunday, days before a second round of talks between Tehran and Washington.</li>
<li>OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-Iran relations.</li>
</ul>
<h3>SINGAPORE CASH DEALS (O/AS)</h3>
Two gasoline trades and one naphtha deal.
<h3>PRICES</h3>
CASH ASIA Chan Prev RIC
CLOSE ge Close
OSN Naphtha CFR 599.75 -5.0 604.75 

Japan M1 ($/mt) 0 TYO&gt;
OSN Naphtha CFR 591.50 0.00 591.50 

Japan M2 ($/mt) TYO&gt;
OSN Naphtha Diff 8.25 -5.0 13.25 

($/mt) 0 -DIF&gt;
Naphtha Netback 64.64 -0.5 65.19 

FOB Sing ($/bbl) 6 &gt;
Naphtha-Brent 91.55 -7.1 98.65 

Crack ($/mt) 0 -CRK&gt;
Gasoline 97 77.19 2.41 74.78 

($/bbl) N&gt;
Gasoline 95 75.63 2.41 73.22 

($/bbl) N&gt;
Gasoline 92 73.90 2.41 71.49 

($/bbl) N&gt;
Gasoline crack 6.14 2.13 4.01 

($/bbl) N-CRK&gt;
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 

GMc1
*
Naphtha CFR Japan 

M1 PSWMc1
*
Naphtha CFR Japan 

M1/M2 PSDMc1
*
Naphtha CFR Japan 

M2 PSWMc2
*
Naphtha 

Japan-Sing SPDMc1
*
Netback M1
Naphtha 

Japan-Sing SPDMc2
*
Netback M2
Naphtha FOB Sing 

<h3>M1</h3>
*
Naphtha FOB Sing 

M1/M2 GSDMc1
*
Naphtha FOB Sing 

<h3>M2</h3>
*
Naphtha Cracks M1 

PCKMc1
*
East-West Naphtha 

M1 WMc1
*
East-West Naphtha 

M2 WMc2
*
NEW Naphtha M1 

EAMc1
*
NEW Naphtha M1/M2 

*
NEW Naphtha M2 

EAMc2
*
Crack NEW 

Naphtha-Brent M1
*
Crack NEW 

Naphtha-Brent M2
*
*Sing refers to
Singapore

CRAK

Asia Naphtha/Gasoline-Gasoline crack rises; MRPL offers March fuel