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Oil Products End of Day Summary: Diesel Cracks Taper Losses

OIL PRODUCTS

US diesel cracks have tapered most of their earlier losses to be down only marginally on the day. However, diesel in on a downward trend amid seasonally low demand levels.

  • US gasoline crack up 1.4$/bbl at 32.96$/bbl
  • US ULSD crack down 0$/bbl at 26.04$/bbl
  • Marathons 365kbd Los Angeles refinery had a process upset early on Monday that led to flaring of sulphur dioxide according to a filing.
  • India’s diesel and gasoline sales declined in the first half in April compared to March levels, data from state-run Indian Oil and Bharat Petroleum and Hindustan Petroleum showed.
  • Shell’s 404kbpd Pernis refinery will complete planned maintenance this month, with units restarting this week, the firm said.
  • Ina’s Rijeka Refinery in Croatia has completed a turnaround and fuel production has been gradually restarted according to an official statement.
  • The fuel oil 380 East-West spread rose to a five-month high due to a surge in cargo volumes in Asia and increased demand for higher sulphur fuel in Rotterdam, according to Platts.
  • Chinese airlines flew a record number of passengers in the first quarter of this year according to Civil Aviation Administration of China.

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