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OIL PRODUCTS: Oil Products Summary at European Close: Cracks Rise

OIL PRODUCTS
BulletEnergy BulletsCommodities

Cracks saw some gains on the day as the market digested increased trade tensions.

  • US ULSD crack down 0$/bbl at 29.34$/bbl
  • US gasoline crack up 0.4$/bbl at 15.2$/bbl
  • US 321 crack up 0.2$/bbl at 19.9$/bbl
  • Global refinery outages in the upcoming spring maintenance season are forecast to fall sharply y/y according to IIR analysis. Seen averaging 5m b/d over Feb. 1-May 31 period, down from a little over 6m b/d last year.
  • Russia's ULSD exports from Primorsk on the Baltic Sea are expected to rise 7.6% m/m on a daily basis in February to 1.73m metric tons, according to Reuters sources.
  • The Houston Ship Channel, the waterway that gives access to the area’s refineries and crude-exporting terminals, is closed to all traffic amid dense fog, according to a bulletin from Moran Shipping.
  • Russia’s Astrakhan gas processing plant is expected to suspend motor fuel production for several months after Monday’s drone attacks, Reuters reported.
  • Russia’s refineries crude processing fell more than 270kb/d on the week to 5.23mb/d in Jan. 23-29 sources told Bloomberg.
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Cracks saw some gains on the day as the market digested increased trade tensions.

  • US ULSD crack down 0$/bbl at 29.34$/bbl
  • US gasoline crack up 0.4$/bbl at 15.2$/bbl
  • US 321 crack up 0.2$/bbl at 19.9$/bbl
  • Global refinery outages in the upcoming spring maintenance season are forecast to fall sharply y/y according to IIR analysis. Seen averaging 5m b/d over Feb. 1-May 31 period, down from a little over 6m b/d last year.
  • Russia's ULSD exports from Primorsk on the Baltic Sea are expected to rise 7.6% m/m on a daily basis in February to 1.73m metric tons, according to Reuters sources.
  • The Houston Ship Channel, the waterway that gives access to the area’s refineries and crude-exporting terminals, is closed to all traffic amid dense fog, according to a bulletin from Moran Shipping.
  • Russia’s Astrakhan gas processing plant is expected to suspend motor fuel production for several months after Monday’s drone attacks, Reuters reported.
  • Russia’s refineries crude processing fell more than 270kb/d on the week to 5.23mb/d in Jan. 23-29 sources told Bloomberg.