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Diesel Cracks Testing Record Highs

OIL PRODUCTS

Refined Oil products remain strong with limited spare capacity keeping supply tight and stocks low despite high refinery utilization rates.

  • European diesel cracks are trading near record highs again today with the US ULSD crack the highest since early May. The latest EIA inventory data is due out later this afternoon.
  • US 321 crack down -0.2$/bbl at 54.02$/bbl
  • US gasoline crack down -2.15$/bbl at 46.77$/bbl
  • US ULSD crack up 3.7$/bbl at 68.53$/bbl
  • Brent FCC margin down -0.36$/bbl at 21.56$/bbl
  • Gasoline-Brent down -2.89$/bbl at 37.15$/bbl
  • Gasoil-Brent up 1.61$/bbl at 48.28$/bbl

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