MNI: China CFETS Yuan Index Up 0.98% In Week of Oct 11

MNI: PBOC Net Injects CNY19.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.0723 Mon; +3.26% Y/Y

CHINA PBOC CONDUCTS CNY19.5 BLN VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0723 MON VS 7.0731

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

Economic Data Calendar 11/10/2024

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Oil Products End of Day: U.S. Cracks Ease

OIL
BulletEnergy BulletsCommodities

Diesel and gasoline cracks have eased back from yesterday’s gains. US diesel cracks are set for a net weekly gain amid stocks draws, slightly higher weekly implied demand and falling underlying crude prices.

  • US gasoline crack down -0.6$/bbl at 12.74$/bbl
  • US ULSD crack down -0.7$/bbl at 22.25$/bbl
  • Citgo shut down its 177,000 bpd Lemont, Illinois refinery on Wednesday afternoon after a power blip the company confirmed on Thursday.
  • Lyondell Basell’s 263,776bpd Houston refinery restarted the 110kbpd gasoline-producing FCC on Sept. 26, according to Reuters sources.
  • Mexico’s Pemex reduced oil processing across its refineries in August to 50.4% capacity from 51.5% in July. Cuts at its Tula and Minatitlan refineries offset Dos Bocas growth according to official data.
  • China’s independent oil refiners in Shandong and state-owned refineries raised run rates to the highest since May, according to Mysteel OilChem.
  • Singapore is expected to import around 2.6-2.7 million metric tons of LSFO from the West in October, compared with around 2.4 MMt scheduled for September Platts sources said.
159 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.

Diesel and gasoline cracks have eased back from yesterday’s gains. US diesel cracks are set for a net weekly gain amid stocks draws, slightly higher weekly implied demand and falling underlying crude prices.

  • US gasoline crack down -0.6$/bbl at 12.74$/bbl
  • US ULSD crack down -0.7$/bbl at 22.25$/bbl
  • Citgo shut down its 177,000 bpd Lemont, Illinois refinery on Wednesday afternoon after a power blip the company confirmed on Thursday.
  • Lyondell Basell’s 263,776bpd Houston refinery restarted the 110kbpd gasoline-producing FCC on Sept. 26, according to Reuters sources.
  • Mexico’s Pemex reduced oil processing across its refineries in August to 50.4% capacity from 51.5% in July. Cuts at its Tula and Minatitlan refineries offset Dos Bocas growth according to official data.
  • China’s independent oil refiners in Shandong and state-owned refineries raised run rates to the highest since May, according to Mysteel OilChem.
  • Singapore is expected to import around 2.6-2.7 million metric tons of LSFO from the West in October, compared with around 2.4 MMt scheduled for September Platts sources said.