{
    "success": true,
    "data": {
        "id": 1512040,
        "msgid": "asian-gas-oil-prices-rise-on-ri-buying-1447893297",
        "date": "1997-09-23 00:00:00",
        "title": "Asian gas oil prices rise on RI buying",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Asian gas oil prices rise on RI buying SINGAPORE (Reuter): Gas oil prices edged higher yesterday supported by indications of further Indonesian buying, while a flurry of jet offers were made in the face of no buyers. A European major sold 150,000 barrels of Oct.7-11 gas oil to a Pertamina affiliate at $23.85 per barrel, up from a similar trade on Friday for Oct. 4-8 at $23.60. The major just pipped a Singapore trader to the post.",
        "content": "<p>Asian gas oil prices rise on RI buying<\/p>\n<p>SINGAPORE (Reuter): Gas oil prices edged higher yesterday<br>\nsupported by indications of further Indonesian buying, while a<br>\nflurry of jet offers were made in the face of no buyers.<\/p>\n<p>A European major sold 150,000 barrels of Oct.7-11 gas oil to a<br>\nPertamina affiliate at $23.85 per barrel, up from a similar trade<br>\non Friday for Oct. 4-8 at $23.60.<\/p>\n<p>The major just pipped a Singapore trader to the post. The<br>\ntrader was offering a similar cargo for the same time frame at<br>\n$23.95 per barrel.<\/p>\n<p>Gas oil sellers are likely to continue to edge prices higher<br>\nthis week in a bid to test Indonesia's appetite for the product<br>\nand to offload generally high stocks in the region.<\/p>\n<p>Traders estimated that Pertamina may have bought three cargoes<br>\non Friday.<\/p>\n<p>Indonesia has been a supporting factor for gas oil for some<br>\nweeks as it covers an expected shortfall owing to refinery<br>\nmaintenance schedules at Cilacap.<\/p>\n<p>Cilacap 100,000 barrels-per-day (bpd) CDU number 1 is due to<br>\nreturn to operation from maintenance on Sept. 23\/24 and the<br>\n200,000-bpd CDU 2 will shut down mid October for maintenance.<\/p>\n<p>October gas oil swaps held steady at $23.95\/$24.00 per barrel<br>\nand traders said swaps were likely to be well supported.<\/p>\n<p>A handful of jet offers hit the market, mostly dated in the<br>\nfirst half of October, although one offer stretched to Oct. 18-<br>\n22.<\/p>\n<p>Traders said no serious buyers emerged, leaving the sellers<br>\nfloundering. On a Singapore quotes basis, the offers stayed<br>\naround -30 to -40 cents, traders said.<\/p>\n<p>Traders said the flurry of offers reflected a similar flurry<br>\nlast week, which also found no buyers.<\/p>\n<p>A mild winter outlook and high stocks continue to keep<br>\npotential buyers feeling comfortable.<\/p>\n<p>But the weakness of the jet market pushed out the October<br>\nregrade to -60 cents bid, although the latest quote was -55\/-35<br>\ncents, traders said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asian-gas-oil-prices-rise-on-ri-buying-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}