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OIL PRODUCTS: Mid-Day Oil Product Summary: Cracks Remain Weak

OIL PRODUCTS
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US crack spreads remain weak as EIA showed both gasoline and distillate demand were lower as the holiday season finished.

  • US gasoline crack down 0.2$/bbl at 12.27$/bbl
  • US ULSD crack down 0.8$/bbl at 19.95$/bbl
  • PBF Energy reported a mechanical issue with the hydrocracker at its 160,000 bpd Torrance refinery in California according to a regulatory filing on Wednesday.
  • Shell said on Wednesday that oil production at its Perdido, Auger, and Enchilada/Salsa fields remains shut due to Hurricane Francine which made landfall in Louisiana on Wednesday.
  • The Ineos Grangemouth refinery in Scotland is set to close in Q2 2025, after attempts by unions and the government to extend its operations failed.
  • Woodside Energy shut in production of its Shenzi oil production facility in the U.S. Gulf of Mexico on Wednesday after its onshore refinery lost power due to Francine.
  • The Eneos Negishi refinery near Tokyo, Japan, shut its 153,000 bpd CDU on September 9 for planned maintenance according to the company.
  • The volume of fuel oil stockpiles in Singapore in the seven days to Sep. 11 fell to its lowest since July 10, according to official data
  • Singapore’s SAF fuel levy will only apply to plane tickets sold after the levy begins in 2026, the Chief Sustainability Officer of Singapore’s Civil Aviation Authority Daniel Ng said, cited by Platts.
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US crack spreads remain weak as EIA showed both gasoline and distillate demand were lower as the holiday season finished.

  • US gasoline crack down 0.2$/bbl at 12.27$/bbl
  • US ULSD crack down 0.8$/bbl at 19.95$/bbl
  • PBF Energy reported a mechanical issue with the hydrocracker at its 160,000 bpd Torrance refinery in California according to a regulatory filing on Wednesday.
  • Shell said on Wednesday that oil production at its Perdido, Auger, and Enchilada/Salsa fields remains shut due to Hurricane Francine which made landfall in Louisiana on Wednesday.
  • The Ineos Grangemouth refinery in Scotland is set to close in Q2 2025, after attempts by unions and the government to extend its operations failed.
  • Woodside Energy shut in production of its Shenzi oil production facility in the U.S. Gulf of Mexico on Wednesday after its onshore refinery lost power due to Francine.
  • The Eneos Negishi refinery near Tokyo, Japan, shut its 153,000 bpd CDU on September 9 for planned maintenance according to the company.
  • The volume of fuel oil stockpiles in Singapore in the seven days to Sep. 11 fell to its lowest since July 10, according to official data
  • Singapore’s SAF fuel levy will only apply to plane tickets sold after the levy begins in 2026, the Chief Sustainability Officer of Singapore’s Civil Aviation Authority Daniel Ng said, cited by Platts.