Asian gasoline margins hit six-month low
Asian gasoline refining margins dropped to six-month lows as China issued surprise fuel export quotas. Rising inventories at major trade hubs and easing supply concerns contributed to the sharp decline across the region.
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Asian gasoline refining margins fell to $11 per barrel over Brent Crude Oil on Friday, dropping by more than half from the previous session. The crack spread reached its lowest level since March, down from an October 1 peak of $50.53. The sharp decline follows a surprise fuel export quota issued by China and rising inventories at major trading hubs.
