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OIL PRODUCTS: Mid-Day Oil Products Summary: Diesel Cracks Climb

OIL PRODUCTS
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US diesel cracks have risen to their highest level since March, amid US sanctions on Russia and as colder weather in the US boosts heating demand.

  • US ULSD crack up 0.2$/bbl at 28.7$/bbl
  • ULSD FEB 25 up 1.6% at 2.54$/gal
  • US gasoline crack down 0.5$/bbl at 10.01$/bbl
  • RBOB FEB 25 up 1.1% at 2.1$/gal
  • US 321 crack down 0.2$/bbl at 16.24$/bbl
  • Petronor’s Bilbao refinery in Spain is halting the reformer P2 and naphtha desulfurization unit 2 for scheduled maintenance according to an official statement for 24 days.
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to be stable in the week to Jan. 17, according to OilChem,
  • Sales of EVs in China soared by over 40% last year, contrasting sharply with a significant drop in gasoline-powered vehicle sales, Bloomberg said.
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US diesel cracks have risen to their highest level since March, amid US sanctions on Russia and as colder weather in the US boosts heating demand.

  • US ULSD crack up 0.2$/bbl at 28.7$/bbl
  • ULSD FEB 25 up 1.6% at 2.54$/gal
  • US gasoline crack down 0.5$/bbl at 10.01$/bbl
  • RBOB FEB 25 up 1.1% at 2.1$/gal
  • US 321 crack down 0.2$/bbl at 16.24$/bbl
  • Petronor’s Bilbao refinery in Spain is halting the reformer P2 and naphtha desulfurization unit 2 for scheduled maintenance according to an official statement for 24 days.
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to be stable in the week to Jan. 17, according to OilChem,
  • Sales of EVs in China soared by over 40% last year, contrasting sharply with a significant drop in gasoline-powered vehicle sales, Bloomberg said.