Gasoline crack falls despite stock draws

Cross Barrel Crude Distillate Freight Fuel Oil Gasoline Jet Naphtha

Analyst briefs Chart packs Deep dives Events Opinions Podcasts Press Webinars Whitepapers

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.

Read the full article here.

Author

June Goh

Senior Oil Market Analyst

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Real time alerts, set to your specifications

Continue reading

Gasoline market awaits clarity on the Strait

Ceasefire largely baked in, yet thin inventories leave two-sided risk across RBOB, EBOB and Sing 92.

17 JUN 26 - 11:19

Oil prices are too good to be true; as are Hormuz assumptions

The MoU text is on track for Friday signing. Iran has “won” on paper. The draft text shows a...

17 JUN 26 - 09:52

TC7 SEA MR: Tonnage triples in three weeks as short-haul voyages and closed arbs drive continued rate weakness

SEA MR vessel supply in the seven-day ahead window is materially long at 33 vessels against a...

16 JUN 26 - 10:53

TC2 NWE MR: Busy fixture start to the week but supply overhang keeps the outlook neutral

NWE MR vessel supply in the seven-day ahead window stands at 19 vessels against a 90-day moving...

16 JUN 26 - 09:30