singapore nov 25 reuters  asian refining margins for 10 ppm gasoil rose on thursday supported by shrinking inventories and firm demand refining margins also known as cracks for 10 ppm gasoil climbed to 1137 a barrel over dubai crude during asian trading hours up from 1104 in the previous session refinitiv data on eikon showed the frontmonth crack hit a twomonth low of 11 a barrel on monday the data showed on concerns that rising coronavirus cases in europe would blunt a demand recovery oil prices meanwhile slipped as investors waiting to see how producers respond to the emergency crude release by major consuming countries to cool the market singapores middle distillate inventories fell 8 to a more than threeyear low of 845 million barrels in the week to nov 24 according to enterprise singapore data weekly singapore middle distillate inventories have averaged 1227 million barrels this year compared with an average of 139 million barrels in 2020 reuters calculations showed this weeks stocks were 45 lower than a year earlier us distillate inventories which include diesel and heating oil fell by 27 million barrels last week market sources said on wednesday citing american petroleum institute figures in the middle east middledistillate inventories in the fujairah oil industry zone dropped for a second week falling 21 to a sevenweek low of 282 million barrels in the week ended nov 22 data via sp global platts showed in the united states distillate stocks fell by 15 million barrels according to market sources citing american petroleum institute figures on tuesday against a 1 million barrel drop forecast in an extended reuters poll read more one gasoil deal none on jet fuel  china the worlds largest crude importer was noncommittal about whether it will release oil from its reserves as requested by washington while opec sources said the us action has not made the producer group change course read more  global oil major royal dutch shell rdsal could build a biofuels plant in singapore to meet the regions rising demand for sustainable aviation fuels saf the head of its downstream business said on wednesday read more