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OIL: Mid-Day Oil Products Summary: Diesel Cracks Tick Up

OIL
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Diesel cracks are gaining some ground today after pulling back late last week. The tempering of cold weather forecasts on the East Coast helped to push down diesel prices from a near three-month high.

  • US gasoline crack down 0$/bbl at 12.27$/bbl
  • US ULSD crack up 0.4$/bbl at 25.18$/bbl
  • PBF Energy plans turnarounds at four refineries in 2025, according to its 2025 guidance information.
  • Gasoline margins in Asia are forecast to rise throughout Q1 2025 due to tighter balances from refinery maintenance and as demand remains robust, according to FGE cited by Bloomberg.
  • Capacity at Turkey’s STAR refinery, operated by Socar, has increased to more than 13m tons/year according to Azerbaijan’s Report news service cited by Bloomberg.
  • China’s CDU Capacity to Rise on Week: OilChem
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Jan. 9 according to OilChem, as Wuhan Petrochem is yet to reach full capacity after resumption.
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Diesel cracks are gaining some ground today after pulling back late last week. The tempering of cold weather forecasts on the East Coast helped to push down diesel prices from a near three-month high.

  • US gasoline crack down 0$/bbl at 12.27$/bbl
  • US ULSD crack up 0.4$/bbl at 25.18$/bbl
  • PBF Energy plans turnarounds at four refineries in 2025, according to its 2025 guidance information.
  • Gasoline margins in Asia are forecast to rise throughout Q1 2025 due to tighter balances from refinery maintenance and as demand remains robust, according to FGE cited by Bloomberg.
  • Capacity at Turkey’s STAR refinery, operated by Socar, has increased to more than 13m tons/year according to Azerbaijan’s Report news service cited by Bloomberg.
  • China’s CDU Capacity to Rise on Week: OilChem
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Jan. 9 according to OilChem, as Wuhan Petrochem is yet to reach full capacity after resumption.