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OIL PRODUCTS: Oil Products Summary At European Close: Cracks Falls

OIL PRODUCTS
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Cracks are down on the day, having reversed earlier modest gains amidst sharp gains in crude. 

  • US ULSD crack down 0.6$/bbl at 26.2$/bbl
  • US gasoline crack down 0.5$/bbl at 21.49$/bbl
  • US 321 crack down 0.5$/bbl at 23.05$/bbl
  • European ARA Gasoil stocks fell last week to the lowest since December but remain above the seasonal five year average, according to the latest Insights Global data cited by Bloomberg.
  • The Pemex Dos Bocas refinery restarted between the end of February and early March and is currently processing 100kb/d of crude oil, Bloomberg said.
  • Total transport turnover in China in January was up 15.9% year on year, according to CAAC data.
  • Russia's seaborne fuel oil and vacuum gasoil exports fell 15% m/m in February to around 3.3m metric tons as ongoing drone strikes on refineries impacts infrastructure and production, according to Reuters.
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Cracks are down on the day, having reversed earlier modest gains amidst sharp gains in crude. 

  • US ULSD crack down 0.6$/bbl at 26.2$/bbl
  • US gasoline crack down 0.5$/bbl at 21.49$/bbl
  • US 321 crack down 0.5$/bbl at 23.05$/bbl
  • European ARA Gasoil stocks fell last week to the lowest since December but remain above the seasonal five year average, according to the latest Insights Global data cited by Bloomberg.
  • The Pemex Dos Bocas refinery restarted between the end of February and early March and is currently processing 100kb/d of crude oil, Bloomberg said.
  • Total transport turnover in China in January was up 15.9% year on year, according to CAAC data.
  • Russia's seaborne fuel oil and vacuum gasoil exports fell 15% m/m in February to around 3.3m metric tons as ongoing drone strikes on refineries impacts infrastructure and production, according to Reuters.