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OIL PRODUCTS: Mid-Day Oil Products Summary: Gasoline Crack Rises

OIL PRODUCTS
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Gasoline cracks are higher again today, continuing yesterday’s rise with support from refinery maintenance and possible run cuts.

  • US gasoline crack up 0.2$/bbl at 12.76$/bbl
  • US ULSD crack down 0.1$/bbl at 18.76$/bbl
  • API weekly oil stock data from late yesterday according to Bloomberg: Gasoline +2.34mbbl, Distillate +2.3mbbl
  • Shell’s Pernis refinery in Rotterdam has announced it will start maintenance on seven of more than sixty plants on the site from the last week of September.
  • Motor Oil’s Theodoroi refinery is running at reduced capacity after Tuesday’s fire the company said via a public release.
  • Petronor’s Bilboa refinery reported the start-up of its G3 Diesel Desulfurization Unit (Plant 1) on Tuesday.
  • Russia's primary oil refining capacity is expected to rise in the second half of September as refineries wind up maintenance.
  • The 160,000 bpd PBF Torrance refinery in California reported an equipment breakdown in a filing on Tuesday.
  • Port of Fujairah total oil product inventories fell to 18.267 million barrels as of Sept. 16 -marking the seventh weekly drop in the past nine according to official data.
  • China’s gasoline exports slipped to 770,000 metric tons in August - the lowest since April according to General Administration of Customs data.
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Gasoline cracks are higher again today, continuing yesterday’s rise with support from refinery maintenance and possible run cuts.

  • US gasoline crack up 0.2$/bbl at 12.76$/bbl
  • US ULSD crack down 0.1$/bbl at 18.76$/bbl
  • API weekly oil stock data from late yesterday according to Bloomberg: Gasoline +2.34mbbl, Distillate +2.3mbbl
  • Shell’s Pernis refinery in Rotterdam has announced it will start maintenance on seven of more than sixty plants on the site from the last week of September.
  • Motor Oil’s Theodoroi refinery is running at reduced capacity after Tuesday’s fire the company said via a public release.
  • Petronor’s Bilboa refinery reported the start-up of its G3 Diesel Desulfurization Unit (Plant 1) on Tuesday.
  • Russia's primary oil refining capacity is expected to rise in the second half of September as refineries wind up maintenance.
  • The 160,000 bpd PBF Torrance refinery in California reported an equipment breakdown in a filing on Tuesday.
  • Port of Fujairah total oil product inventories fell to 18.267 million barrels as of Sept. 16 -marking the seventh weekly drop in the past nine according to official data.
  • China’s gasoline exports slipped to 770,000 metric tons in August - the lowest since April according to General Administration of Customs data.