August 12, 2024 11:40 GMT
Mid-Day Oil Products Summary: Cracks Gain Ground
OIL PRODUCTS
Diesel and gasoline cracks have gained ground today as a wider rise in the energy complex proves supportive.
- US ULSD crack up 0.2$/bbl at 21.58$/bbl
- US gasoline crack up 0.1$/bbl at 23.8$/bbl
- US 321 crack up 0.1$/bbl at 23.06$/bbl
- ULSD SEP 24 up 1% at 2.36$/gal
- RBOB SEP 24 up 1.1% at 2.42$/gal
- ExxonMobil’s 251,800 bpd refinery in Illinois reported a unit upset on Aug 10 according to an Illinois Emergency Management Agency filing cited by Reuters.
- Nigerian refineries including the Dangote refinery have increased H2 2024 requirements for domestic crude to 597.7kbpd from 483kbpd in H1, according to national oil regulator.
- Feedstock arrivals at independent refineries in Shandong were flat on the month at around 9.03m mt, OilChem said.
- CDU capacity utilisation rates at China’s state-owned refineries are expected to stabilise in the week to Aug. 15, according to OilChem, with no new overhaul or production changes.
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