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Researchers develop optical biosensor for rapid monkeypox detection - The Times of IndiaAsia’s gasoline margins climbed further on Wednesday as the market watches ongoing developments in US-China trade relations, affecting the world’s two largest consumers of gasoline. The crack rose to $9.09 per barrel over Brent crude from $8.23 on Tuesday. China’s gasoline exports are expected to have rebounded in November after refiners dashed to secure higher profits before the reduction in export tax rebates – from 13% to 9% – took effect this month, analysts and traders said. An LSEG analyst added that gasoline exports are expected to decline again after the December tax change. In naphtha, the margins declined as ongoing cracker turnarounds weighed on demand. The crack dipped by $2.80 to $80.18 per metric ton over Brent crude. Oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker demand. Light distillate stocks, including naphtha and gasoline, at the Fujairah commercial hub rose by 710,000 barrels to 6.533 million barrels in the week ending Nov. 2, S&P Global Commodity Insights data showed. U.S. gasoline inventories rose by 4.6 million barrels, and distillate stocks rose by 1 million barrels, market sources said, citing American Petroleum Institute figures on Tuesday. Two gasoline deals and one naphtha trade. Source: Reuters (Reporting by Haridas; Editing by Vijay Kishore)
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