Gasoline crack falls despite stock draws

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Published10 JUL 25 - 13:11 Reading time 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.

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Author

June Goh

Senior Oil Market Analyst

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