China has helped drive up Asian diesel profits; it could lower them, too: Russell Posted on May 16, 2022 by cngpump The profit margin, or crack, for making 10 ppm gasoil , the building block for diesel and jet fuel, at a typical Singapore refinery dropped to $36.29 a barrel on May 13, capping a second weekly decline. Related posts: Oil edges lower as mass COVID testing begins in China Petrol, diesel sales top pre-Covid level on price hike fears Oil falls on China growth concerns even as EU weighs Russia import ban ATGL’s revenue from operations at Rs 3,206 crore in FY22, increase of 80 per cent Crude oil shoots higher on US Russian oil ban, Asian shares stabilise Petronet seeks lower price for renewing Qatar deal China’s independent refiners secretly buying Russian oil at steep discount Oil firms amid supply worries, but heads for sharp weekly decline Oil companies continue to suffer loss of marketing margins on high crude prices Oil prices steady on Russian supply fears and Asian demand concerns