Asia naphtha margins rose. Hin Leong Trading Pte sold gasoil cargoes in Singapore, the region’s biggest oil-trading center. Light Distillates Glencore International AG sold 25,000 tons of naphtha for delivery in the first half of October at $966 a ton and 25,000 tons for second-half October at $968 a ton to Royal Dutch Shell Plc, according to a Bloomberg News survey of traders monitoring transactions on the Platts window. Trafigura Beheer BV sold 25,000 tons for first-half October to Noble Group at $969 a ton. Naphtha’s premium to London-traded Brent crude futures, or the crack spread, rose to $119 a ton at 5:54 p.m. Singapore time from $111.06 at the end of Asian trading yesterday, according to data compiled by Bloomberg. Middle Distillates Hin Leong, the second-largest buyer of 0.5 percent sulfur gasoil, or diesel, last month in Singapore, sold two cargoes to Total SA, according to the Bloomberg News survey. The Singapore trader sold 230,000 barrels at a discount of 35 cents a barrel to benchmark quotes, and sold 150,000 barrels at a discount of 40 cents a barrel. Glencore, last month’s biggest buyer, sold gasoil for a second day, the survey showed. The world’s largest commodities trader received 40 cents a barrel below spot prices from Singapore Petroleum Co. for 150,000 barrels. Gasoil’s premium to Asian benchmark Dubai crude rose 16 cents to $19.26 a barrel at 2:23 p.m. Singapore time, according to PVM Oil Associates Ltd., a broker. This crack spread, a measure of refining profit, widened for the fourth time in five days. Jet fuel’s premium to gasoil gained 5 cents to $1.60 a barrel, rebounding from the lowest since July 22, PVM said. A wider regrade shows it’s more profitable to produce aviation fuel over diesel. Fuel Oil Fuel oil’s discount to Dubai crude narrowed 59 cents to $6.01 a barrel at 2:23 p.m. Singapore time, according to PVM. That’s the smallest gap since June 29, indicating reduced losses for refiners turning oil into residual products. The premium of 180-centistoke fuel oil to 380-centistoke fell 25 cents to $9.25 a ton, PVM said. This viscosity spread was the narrowest in two weeks, meaning bunker, or marine fuel, has dropped less than higher-quality fuel oil. To contact the reporters on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net; Ann Koh in Singapore at akoh15@bloomberg.net To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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