{"id":366330,"date":"2020-08-05T11:05:10","date_gmt":"2020-08-05T05:35:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366330"},"modified":"2020-08-05T11:39:00","modified_gmt":"2020-08-05T06:09:00","slug":"gasoline-buckles-in-july-after-stunning-june-comeback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gasoline-buckles-in-july-after-stunning-june-comeback\/","title":{"rendered":"Gasoline buckles in July after stunning June comeback"},"content":{"rendered":"<p>Asia&#8217;s gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies. <\/p>\n<p>The situation turned even direr on Monday when the fuel&#8217;s margin sank into the red for the first time since June 2.<\/p>\n<p>Gasoline had staged a stunning comeback in June as some economies started to reopen, with its margins in Asia returning to premiums against crude oil from steep discounts in April and May.<\/p>\n<p>By end-July, though, Asian petrol premiums to Brent had dropped to four cents a barrel from $2.37 on July 1. Margins for benchmark 10 parts-per-million (ppm) gasoil rose two cents to $6.86 over the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia&#8217;s gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month as a new wave of coronavirus infections walloped demand recovery and swelled supplies. The situation turned even direr on Monday when the fuel&#8217;s margin sank into the red for the first time since June 2. Gasoline had staged a stunning comeback in June as some economies started to reopen, with its margins in Asia returning to premiums against crude oil from steep discounts in April and May. By end-July, though, Asian petrol premiums to Brent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-366330","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366330"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366330\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}