# Singapore physical 10 ppm gasoil crack hits record low on supply influx, demand headwinds | S&P Global

> The Singapore physical 10 ppm gasoil crack to Dubai fell to a record low of $2.70/b on September 3, below the previous low set in May. Traders cited a supply glut, weak regional demand, and high inventories capping any recovery.

- Date: 2020-09-04 · published 2020-09-04T12:00:00.000Z
- Category: market · region Singapore · magnitude medium
- Page: https://feedsoft.ai/events/10506-singapore-physical-10-ppm-gasoil-crack-hits-record-low-on-supply-influx-demand
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A record-low gasoil crack reflects weak distillate demand and oversupply, which keeps diesel prices soft and pressures refinery margins across Asia.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/090420-singapore-physical-10-ppm-gasoil-crack-hits-record-low-on-supply-influx-demand-headwinds

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.