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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.
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Free AccessOil Products End of Day Summary: Cracks Climb
Diesel crack spreads reversed earlier losses to record robust gains on the day. Supply risks from planned and unplanned refinery outages are offsetting weaker demand and signs of a recovery in US run rates.
- US 321 crack up 0.9$/bbl at 33.19$/bbl
- US gasoline crack up 0.9$/bbl at 33.07$/bbl
- US ULSD crack up 0.9$/bbl at 33.42$/bbl
- Gasoil APR 24 up 0.8% at 837.75$/mt
- Gasoline cracks have maintained their rise, up 17.5% since the start of the week. Signs of growing demand, tighter supply, and the approach of the US summer driving season all provide upside.
- Russian oil refining capacity halted by drone attacks during Q1 2024 amounts to around 7% of the total capacity at 4.6m metric tons (370.5kb/d), according to Reuters calculations.
- TotalEnergies had a temporary malfunction on a petchem unit in its Gonfreville-Normandy complex according to a community notice.
- Jet fuel prices in the US Midwest climbed after inventories dropped to a year-to-date low, according to Bloomberg.
- MNI US Refinery Maintenance Schedule: Full Piece Here: https://enews.marketnews.com/ct/x/pjJscQfbkuwI6a9uIRhzSA~k1zZ8KXr-kA8x6nACZOkptJeg79EIw
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.