NewsSignals AI analysis·Reuters·Oct 30, 2026

Asian gasoline margin plummets to over six-month lows

Grade Abearish AI signal$BRENT

Asian gasoline refining margins have plunged to their lowest level since March, more than halving in one session as China's increased fuel export quotas and rising inventories ease supply concerns. The Singapore gasoline crack spread fell to about $11 per barrel over Brent, down from a record $50.53 on October 1, while China's 2026 fuel export allowance rose 6% from last year. Higher regional exports and recovering inventories could keep pressure on gasoline refining margins, although stockpiles remain below year-earlier levels.

Bullish strength: 20/100

Singapore inventories remain below the level recorded in late October 2025.
Earlier supply disruptions and export restrictions had contributed to tight fuel availability.

Bearish strength: 80/100

Asian gasoline margins more than halved from the previous session.
The Singapore gasoline crack spread fell to about $11 per barrel, its lowest since March.
China's 2026 fuel export quota is 6% higher than last year's allowance.
Singapore light distillate inventories rose to a two-week high of 11.304 million barrels.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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