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Oil Products End of Day Summary: Gasoline Crack Softens

OIL PRODUCTS
Energy BulletsHomepagemarkets-real-timeBulletCommodities

US Gasoline Cracks are easing back to their lowest level since May 15. Added pressure comes from the Biden administration’s announced that it was liquidating a cache of 1m bbl of gasoline.

  • US ULSD crack down 0.3$/bbl at 24.19$/bbl
  • US gasoline crack down 1.1$/bbl at 26.06$/bbl
  • US 321 crack down 0.8$/bbl at 25.43$/bbl
  • ULSD JUN 24 down 0.9% at 2.47$/gal
  • The Biden administration is putting its cache of 1m bbl of gasoline on the market, after being ordered to liquidate the reserve by congress. The fuel will be transferred or delivered no later than June 30.
  • ExxonMobil’s Joliet refinery had a fire inside a unit on Saturday according to a company spokesperson cited by Bloomberg.
  • Exxon Mobil will perform maintenance on a unit at its Fawley refinery, UK over the coming days according to its official account on X.
  • Iraq’s state-owned Somo has issued its first gasoil export tender, likely due to added volumes from its new 140k b/d Karbala refinery, according to Argus.
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US Gasoline Cracks are easing back to their lowest level since May 15. Added pressure comes from the Biden administration’s announced that it was liquidating a cache of 1m bbl of gasoline.

  • US ULSD crack down 0.3$/bbl at 24.19$/bbl
  • US gasoline crack down 1.1$/bbl at 26.06$/bbl
  • US 321 crack down 0.8$/bbl at 25.43$/bbl
  • ULSD JUN 24 down 0.9% at 2.47$/gal
  • The Biden administration is putting its cache of 1m bbl of gasoline on the market, after being ordered to liquidate the reserve by congress. The fuel will be transferred or delivered no later than June 30.
  • ExxonMobil’s Joliet refinery had a fire inside a unit on Saturday according to a company spokesperson cited by Bloomberg.
  • Exxon Mobil will perform maintenance on a unit at its Fawley refinery, UK over the coming days according to its official account on X.
  • Iraq’s state-owned Somo has issued its first gasoil export tender, likely due to added volumes from its new 140k b/d Karbala refinery, according to Argus.