Ceypetco Gasoil Tender Amid Supply Shock

Asia and Middle Eastern Gasoil Daily Market Analysis / Sri Lanka’s Ceypetco seeks April gasoil, jet cargo / Bapco Energies declares force majeure on group operations

Jun 03, 2026

The Asian ultra-low sulfur gasoil market strengthened March 9 as news of air strikes on oil infrastructure across the Middle East supported oil prices. Brokers pegged the front-month April-May Singapore gasoil swaps time spread — an indicator of near-term sentiment — at $18.50/b in midafternoon Asian trading March 9, up $4.50/b from $14.00/b at the 0830 am GMT Asian close March 6. On physical cargoes, the benchmark cash differential for FOB Singapore 10 parts per million sulfur gasoil climbed to record highs, up $4.65/b day over day to $24.45/b March 6. Despite rising crude prices, gasoil crack spreads remained firm. The FOB Singapore 10 ppm sulfur gasoil cargo crack spread against front-month cash Dubai stood at $55.31/b as of March 6, more than doubling from $21.65/b at the end of...

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