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

OIL
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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.
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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.