NewsSignals AI analysis·Reuters·Nov 5, 2026

Gasoline timespreads and margins rebound slightly, naphtha margins ease

Grade Bbearish AI signal

Asian gasoline refining margins and timespreads recovered modestly after recent losses, while naphtha margins continued to weaken amid subdued petrochemical demand. The gasoline 92 crack rose $1.46 to $8.13 per barrel, while the naphtha-Brent crack fell $12.18 to $223.35 per ton and outright gasoline and naphtha prices declined. Potentially lower Chinese gasoline exports could support regional gasoline spreads, but weak downstream demand and broader oil-market surplus concerns may limit the recovery.

Bullish strength: 40/100

Gasoline 92 refining crack recovered $1.46 to $8.13 per barrel.
Gasoline timespreads improved on expectations of potentially lower Chinese November exports.
U.S. crude, gasoline and distillate inventories fell as demand reached its highest level in a year.

Bearish strength: 60/100

Naphtha-Brent refining crack declined $12.18 to $223.35 per ton.
Outright gasoline and naphtha prices continued to fall.
Weak petrochemical demand limited naphtha buying activity.
The global oil market has reportedly returned to surplus, according to JPMorgan.

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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