Die Barprämien für Asia Destillates-Jet-Treibstoff sinken aufgrund der schwachen Nachfrage

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    SINGAPORE, Aug 11 (Reuters) - Asia's cash premiums for jet fuel dipped on Wednesday, hurt by
weak demand in the physical market as most international flights remain grounded on extended
border restrictions in the region.
    A steep resurgence in COVID-19 infections in several key markets including China, South
Korea and Australia have renewed pressure on the already struggling aviation sector in the
region, market watchers said.
    "I don't think the international flight demand will come back this year, especially for
Asia," a Singapore-based jet fuel trader said.
    Cash premiums for jet fuel JET-SIN-DIF slipped 3 cents to 13 cents per barrel to Singapore
quotes on Wednesday.
    Refining profit margins for jet fuel inched higher by 9 cents to $5.95 per
barrel over Dubai crude during Asian trading hours.
    
    INVENTORIES
    - Middle-distillate inventories in the Fujairah Oil Industry Zone dropped 4.7% to 2.99
million barrels in the week ended Aug. 9, data via S&P Global Platts showed.
    - The weekly stocks in Fujairah have averaged 3.8 million barrels this year, compared with
4.2 million barrels in 2020, Reuters calculations showed.
    - U.S. distillate fuel inventories, which include diesel and heating oil, rose by 673,000
barrels in the week to Aug. 6, according to two market sources, citing American Petroleum
Institute figures.
    
    URGENCY FOR GREEN INVESTMENT FUNDS
    - Dire warnings about climate change are a call to action for investors who put their money
into helping the environment. But the news also heightens a debate about how to make these
strategies effective, financial executives said.
    - A U.N climate report on Monday found that global warming is dangerously close to
spiralling out of control. Even the most severe carbon emission cuts are unlikely to prevent
global warming of 1.5 degrees Celsius above pre-industrial temperatures by 2040, a level that
many scientists believe must be achieved to avert catastrophic climate change.
    
    SINGAPORE CASH DEALS
    - No jet fuel trades, no gasoil deals
    
    OTHER NEWS
    - Oil held above $70 a barrel on Wednesday as signs of rising fuel demand in the United
States were balanced by concerns about travel curbs in Asia caused by the spread of the COVID-19
Delta variant.
    - Phillips 66, the fourth largest U.S. oil refiner, is weighing a broader move into
developing battery components for electric vehicles and storage systems, according to top
executives, leveraging its own and others' research as it accelerates a shift from fossil fuels.

    
    ASSESSMENTS
 MID-DISTILLATES                                                                       
 CASH ($/T)           ASIA CLOSE       Change   % Change   Prev Close  RIC
 Spot Gas Oil 0.5%              74.39     0.94       1.28       73.45  GO-SIN
 GO 0.5 Diff                    -2.41     -0.1       4.33       -2.31  GO-SIN-DIF
 Spot Gas Oil 0.25%             74.49     0.94       1.28       73.55  GO25-SIN
 GO 0.25 Diff                   -2.31     -0.1       4.52       -2.21  GO25-SIN-DIF
 Spot Gas Oil 0.05%             74.67     0.91       1.23       73.76  GO005-SIN
 GO 0.05 Diff                   -2.13    -0.13       6.50          -2  GO005-SIN-DIF
 Spot Gas Oil 0.001%            76.82     1.05       1.39       75.77  GO10-SIN
 GO 0.001 Diff                   0.02     0.01     100.00        0.01  GO10-SIN-DIF
 Spot Jet/Kero                  74.45        1       1.36       73.45  JET-SIN
 Jet/Kero Diff                   0.13    -0.03     -18.75        0.16  JET-SIN-DIF
                                                                                       
 For a list of derivatives prices, including margins,                                  
 please double click the RICs below.                                   
 Brent M1                                                                              
 Gasoil M1                                                                             
 Gasoil M1/M2                                                                          
 Gasoil M2                                                                             
 Regrade M1                                                                            
 Regrade M2                                                                            
 Jet M1                                                                                
 Jet M1/M2                                                                             
 Jet M2                                                                                
 Gasoil 500ppm-Dubai                                                                   
 Cracks M1                                                             
 Gasoil 500ppm-Dubai                                                                   
 Cracks M2                                                             
 Jet Cracks M1                                                                         
 Jet Cracks M2                                                                         
 East-West M1                                                                          
 East-West M2                                                                          
 LGO M1                                                                                
 LGO M1/M2                                                                             
 LGO M2                                                                                
 Crack LGO-Brent M1                                                                    
 Crack LGO-Brent M2                                                                    
 
 (Reporting by Koustav Samanta; Editing by Ramakrishnan M.)
  

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