Singapore GRM up 1% WoW; 2QTD GRM at 4-quarter high
Reuters’ Singapore GRM last week was up 1% WoW, at US$9.0/bbl. Singapore
GRM in 2Q FY13TD, at US$9.11/bbl, is the highest in 4 quarters, but flat YoY visà-
vis US$9.15/bbl in 2Q FY12.
Diesel & petrol cracks up but naphtha, LPG down WoW
Petrol cracks were up last week, at US$15.4/bbl, but are still 30% below the
2QTD high of US$21.8/bbl. Diesel cracks were up 5% WoW last week. Diesel
cracks are 13% below the 2QTD peak of US$22.7/bbl, but still strong, at
US$19.7/bbl. Naphtha and LPG cracks fell last week. They have fallen for 2
consecutive weeks now.