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OIL PRODUCTS: Oil Products Summary at European Close: Diesel Crack Falls Back

OIL PRODUCTS
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Cracks are mixed today, with gasoline recovering ground while diesel is falling back marginally. Both are still showing losses compared to the previous week/

  • US gasoline crack up 0.6$/bbl at 12.22$/bbl
  • US ULSD crack down 0$/bbl at 23.92$/bbl
  • Russia’s government will allow producers to export gasoline when the current ban expires on Dec. 31 but the ban for other exporters has been extended through Jan. 31, the government said cited by Bloomberg.
  • Russia’s prime processing rate averaged 5.35m b/d during Nov. 1-27 as refineries largely leave maintenance a Bloomberg source said.
  • Russia’s offline refining capacity in December has been revised up by 60% from a previous plan to 1.1m metric tons, according to Reuters calculations.
  • Delek’s 73,000 bpd Big Spring refinery had an issue with its FCC unit on Nove 29-30 according to a regulatory filing.
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to remain flat on the week to Dec. 5 according to OilChem, amid a lack of new overhauls or maintenance.
  • Taiwan's Formosa Petrochemical refinery is operating its refinery at a reduced rate of 410,000 bpd due to maintenance at its delayed coker unit (DCU) this month the company said.
  • India’s gasoline and diesel sales increased year on year in November, data from state-run Indian Oil and Bharat Petroleum and Hindustan Petroleum showed cited by Bloomberg
  • Global airline passenger capacity is set to decline to 107.34m seats in the seven days commencing from Dec. 02, OAG said.
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Cracks are mixed today, with gasoline recovering ground while diesel is falling back marginally. Both are still showing losses compared to the previous week/

  • US gasoline crack up 0.6$/bbl at 12.22$/bbl
  • US ULSD crack down 0$/bbl at 23.92$/bbl
  • Russia’s government will allow producers to export gasoline when the current ban expires on Dec. 31 but the ban for other exporters has been extended through Jan. 31, the government said cited by Bloomberg.
  • Russia’s prime processing rate averaged 5.35m b/d during Nov. 1-27 as refineries largely leave maintenance a Bloomberg source said.
  • Russia’s offline refining capacity in December has been revised up by 60% from a previous plan to 1.1m metric tons, according to Reuters calculations.
  • Delek’s 73,000 bpd Big Spring refinery had an issue with its FCC unit on Nove 29-30 according to a regulatory filing.
  • CDU capacity utilisation rates at China’s state-owned refineries are expected to remain flat on the week to Dec. 5 according to OilChem, amid a lack of new overhauls or maintenance.
  • Taiwan's Formosa Petrochemical refinery is operating its refinery at a reduced rate of 410,000 bpd due to maintenance at its delayed coker unit (DCU) this month the company said.
  • India’s gasoline and diesel sales increased year on year in November, data from state-run Indian Oil and Bharat Petroleum and Hindustan Petroleum showed cited by Bloomberg
  • Global airline passenger capacity is set to decline to 107.34m seats in the seven days commencing from Dec. 02, OAG said.