MNI BRIEF: R-Star Likely Rose Post-Pandemic -NY Fed Blog

MNI BRIEF: Inflation Risks Skewed To Upside - Fed's Musalem

MNI BRIEF: Fed's Musalem Calls For Patient Approach To Policy

MNI BRIEF: Republicans Urge Filling Fed Supervision Slot Soon

MNI BRIEF: US Factory Prices On The Rise Again - ISM

MNI China Daily Summary: Monday, March 3

EZ/UK Bond Supply Calendar: Belgium Syndication, NE DDA

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

MNI: US JAN CONSTRUCT SPENDING -0.2%

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL PRODUCTS: Mid-Day Oil Products Summary: Cracks Diverge

OIL PRODUCTS
BulletEnergy BulletsCommodities

US diesel cracks have gained further ground today, while gasoline cracks are easing back after firm gains yesterday amidst an unexpected decline in stocks in Wednesday’s data. 

  • US ULSD crack up 0.4$/bbl at 31.95$/bbl
  • US gasoline crack down 0.2$/bbl at 17.09$/bbl
  • US 321 crack up 0$/bbl at 22.06$/bbl
  • PBF said in a statement on Thursday it had no estimate for how long its 156,400 bpd Martinez refinery in California would be out for following the Feb 1 fire.
  • US refiner PBF Energy plans to operate its seven refineries up to 76% of their combined production capacity of 1m b/d in Q1 2025, the company said Feb. 13, cited by Reuters.
  • Mexican oil exports fell to their lowest monthly level on record in January, averaging just 535 kbd, a decline of 400 kbd m/m according to Kpler vessel tracking.
  • Pemex partially shut its 245k b/d Salamanca refinery in Mexico due to equipment issues caused by high water and salt content in crude oil: IIR Energy.
  • 100k b/d Slavyansk refinery in Russia’s Krasnodar region reportedly targeted by drone attack overnight, the BBC reports.
174 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US diesel cracks have gained further ground today, while gasoline cracks are easing back after firm gains yesterday amidst an unexpected decline in stocks in Wednesday’s data. 

  • US ULSD crack up 0.4$/bbl at 31.95$/bbl
  • US gasoline crack down 0.2$/bbl at 17.09$/bbl
  • US 321 crack up 0$/bbl at 22.06$/bbl
  • PBF said in a statement on Thursday it had no estimate for how long its 156,400 bpd Martinez refinery in California would be out for following the Feb 1 fire.
  • US refiner PBF Energy plans to operate its seven refineries up to 76% of their combined production capacity of 1m b/d in Q1 2025, the company said Feb. 13, cited by Reuters.
  • Mexican oil exports fell to their lowest monthly level on record in January, averaging just 535 kbd, a decline of 400 kbd m/m according to Kpler vessel tracking.
  • Pemex partially shut its 245k b/d Salamanca refinery in Mexico due to equipment issues caused by high water and salt content in crude oil: IIR Energy.
  • 100k b/d Slavyansk refinery in Russia’s Krasnodar region reportedly targeted by drone attack overnight, the BBC reports.