NewsSignals AI analysis·Reuters·Nov 2, 2026

Gasoline margin extends slide; buyers emerge for Dec naphtha cargoes

Grade Bbearish AI signal$BRENT

Asia's gasoline refining margins extended their sharp decline, with the gasoline crack falling below $10 per barrel over Brent for the first time since February amid expectations of higher exports from key suppliers. The margin had fallen more than 51% in the previous session, while South Korea's LG Chem and Taiwan's FPCC purchased December naphtha cargoes at high premiums. Rising gasoline export supplies and weaker crude benchmarks could continue pressuring regional fuel margins, despite selective demand for naphtha.

Bullish strength: 30/100

LG Chem purchased two December naphtha cargoes of 25,000 tons each.
Taiwanese FPCC purchased a 25,000-ton December naphtha cargo at a high premium.

Bearish strength: 70/100

Asian gasoline refining margins extended their decline.
Gasoline crack fell below $10 per barrel over Brent for the first time since February.
Gasoline margins dropped more than 51% in the previous session.
Expected higher exports from key suppliers, including China, pressured gasoline margins.
Naphtha prices declined alongside weaker crude benchmarks.

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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