SINGAPORE, April 22 (Reuters) - Asia’s naphtha and gasoline markets strengthened on Wednesday, as cracks reached their highest levels in a week during trading hours. Brent and WTI futures turned positive towards the end of Asia trade, erasing earlier losses, after reports of gunfire attacks on at least three container ships in the Strait of Hormuz, which is expected to weigh on refining margins and disrupt supplies. (O/R)
Neither U.S. nor Iranian officials showed up for peace talks in Pakistan, leading to further concerns of prolonged crude supply disruptions amid geopolitical uncertainties.
Naphtha refining margins (NAF-SIN-CRK) spiked to $331.30 a ton from $266.55 on Tuesday, gaining nearly 25%.
Meanwhile, gasoline refining margins climbed to $27.99 a barrel from $23.64 previously, a 20% increase. (GL92-SIN-CRK) Light distillate stocks held at Fujairah Oil Industry Zone fell 2 million barrels to their lowest in at least nine years, with stocks currently at 2.793 million barrels for the week ended April 20, according to industry information service S&amp;P Global Commodity Insights. (FUJAIRAH/)
NEWS - At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime security sources and the United Kingdom Maritime Trade Operations (UKMTO) said. - Ukraine will resume pumping oil through the Druzhba pipeline on Wednesday, an industry source said, after President Volodymyr Zelenskiy said repairs were complete and urged the EU to unblock a 90-billion-euro loan halted by an argument over the pipe. - Germany has been informed that no Kazakh crude oil may reach the northeastern PCK Schwedt refinery from May, the country’s economy ministry said on Wednesday, adding that even in such a scenario the production of petroleum products was not at risk.
<h3>SINGAPORE CASH DEALS (O/AS)</h3>
<ul>
<li>1 gasoline deal, 1 naphtha deal</li>
</ul>
<h3>PRICES</h3>
CASH ASIA Chang Prev RIC
CLOSE e Close
OSN Naphtha CFR Japan 1039.00 64.75 974.25 

M1 ($/mt) YO&gt;
OSN Naphtha CFR Japan 936.00 64.75 871.25 

M2 ($/mt) YO&gt;
OSN Naphtha Diff 103.00 0.00 103.00 

($/mt) DIF&gt;
Naphtha Netback FOB 113.44 7.19 106.25 (NAF-SIN)
Sing ($/bbl)
Naphtha-Brent Crack 331.30 64.75 266.55 

($/mt) CRK&gt;
Gasoline 97 ($/bbl) 129.72 4.35 125.37 

<blockquote></blockquote>
Gasoline 95 ($/bbl) 128.11 4.35 123.76 

<blockquote></blockquote>
Gasoline 92 ($/bbl) 122.35 4.35 119.00 

<blockquote></blockquote>
Gasoline crack 27.99 4.35 23.64 

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

c1
*
Naphtha CFR Japan M1 (NACFRJPSWMc1)
Naphtha CFR Japan (NACFRJPSDMc1)
<h3>M1/M2</h3>
Naphtha CFR Japan M2 (NACFRJPSWMc2)
Naphtha Japan-Sing (NAPTC4SPDMc1)
Netback M1
Naphtha Japan-Sing (NAPTC4SPDMc2)
Netback M2
Naphtha FOB Sing M1 (NAFOBSGSWMc1)
Naphtha FOB Sing (NAFOBSGSDMc1)
<h3>M1/M2</h3>
Naphtha FOB Sing M2 (NAFOBSGSWMc2)
Naphtha Cracks M1 (NACFRJPCKMc1)
East-West Naphtha M1 

c1
*
East-West Naphtha M2 

c2
*
NWE Naphtha M1 (NAPCNWEAMc1)
NWE Naphtha M1/M2 (NAPCNWEASMc1)
NWE Naphtha M2 (NAPCNWEAMc2)
Crack NWE (NAPCNWEACMc1)
Naphtha-Brent M1
Crack NWE (NAPCNWEACMc2)
Naphtha-Brent M2
*Sing refers to
Singapore

SHEL

603353

Reuters

BP p.l.c.

Shell

HSPC

Lukoil

Oil company LUKOIL PJSC Sponsored ADR

E Fund CSI Petrochemical Industry ETF

SPDR O&G Ex & Prd

Tortoise N Americ Pipe

Shell plc ADRhedged

Us Brent Oil

iShares US Oil & Gas Expl & Prod

iShares US Oil Equip & Svcs

Bosera CSI Oil & Gas Resources Index ETF

SPDR Energy Select

VanEck Oil Services ETF

Pro Ultr Bloomberg Crude Oil

United States Oil Fund LP

VanEck Oil Refiners ETF

Alerian MLP

First Trust North American Energy Infra Fd

China Universal CSI Oil & Gas Resources ETF

ChinaAMC CSI Petrochemical Industry ETF

VG Energy

Guotai CSI Oil & Gas Industry ETF

Invesco Great Wall CNI Oil&Gas ETF

Global X MLP

SPDR O&G Equip

S&P Global

Asia Naphtha/Gasoline-Margins climb to weekly highs as Brent softens in early Asian trade