{
  "id": 11408888,
  "title": "Refinery Stocks Rally on Record Margins",
  "url": "https://urgent.news/2026/10/02/refinery-stocks-rally-on-record-margins",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T09:56:53.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=278178"
  },
  "original_language": "en",
  "account": "Asian refining stocks surged on October 2 amid record margins driven by China's sudden halt of petroleum product exports. S-Oil, SK Innovation, and GS Caltex led the gains. Chinese authorities banned gasoline, diesel, and aviation fuel shipments outside Hong Kong and Macau, straining an already tight Asian supply. Asian gasoline refining margins breached a record high of $50.53 per barrel, while Singapore light oil stocks tumbled to a five-year low. Tensions in the Middle East further bolstered oil prices, with Brent crude reaching $102.31 per barrel and WTI crude climbing to $92.87.",
  "summary": "As Asian refining margins soared to record highs due to the impact of China halting its petroleum product exports, domestic refinery-related stocks showed strength in early trading on Oct. 2. In addition, as international oil prices surged due to the US pushing to deploy additional troops to the Mid",
  "key_points": [
    "Asian refining stocks rise on October 2 due to record margins",
    "China bans petroleum exports, straining supply",
    "Gasoline margins hit $50.53 per barrel, lowest Singapore light oil stocks"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}