Gasoline crack falls despite stock draws

June Goh

Senior Oil Market Analyst

10 July 2025 Time to read:  minutes

Cracks are declining “due to higher Chinese and Indian supply,” June Goh, analyst at Sparta Commodities, said.

Reuters, July 10, 2025 – Asia’s gasoline crack fell to $8.62/bbl over Brent, down from $9.26, despite stock draws in Singapore and the U.S. June Goh of Sparta Commodities attributed the decline to rising Chinese and Indian supply, noting that refiners are still producing gasoline at the margin due to strong gasoil economics. Singapore light distillate stocks hit a 36-week low at 12 million barrels, while U.S. gasoline inventories dropped by 2.7 million barrels—almost double expectations.

Read the full article here.

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