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OIL PRODUCTS: Oil Products Summary at European Close: Diesel Crack Down on Week

OIL PRODUCTS
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US diesel cracks are heading for a weekly decline, as colder weather passes and refineries impacted by blizzards begin restarts. Natgas curtailments in the Northeast USA has prompted a switch to diesel, keeping some support.

  • US gasoline crack down 0.7$/bbl at 12.67$/bbl
  • US ULSD crack up 0.7$/bbl at 28.07$/bbl
  • The UK’s Stanlow refinery is planning works on its gasoline making units in the coming weeks A Bloomberg source reports.
  • HPCL is to start commissioning at the 9m ton Barmer Refinery from Q2 2025 after mechanical completion by the end of March, according to Chairman Rajneesh Narang cited by Bloomberg.
  • ExxonMobil’s 235,000 bpd Gravechon refinery in France is halting some capacity on Saturday according to a community alert.
  • Ukrainian drones that struck Russia’s 262,000bpd Ryazan refinery overnight  hit  a hydrotreater unit used to remove impurities from refined products according to Reuters sources.
  • Asia's HSFO cracks have reached a 17-month high due to limited availability and US sanctions against Russia, Platts said.
  • A fire erupted at a crude processing unit in Iraq's Rumaila oilfield on Jan. 24, according to Reuters sources.
  • Sinopec crude processing fell 2.03% y/y in 2024, and diesel output tumbled 10.27% y/y, according to Reuters.
  • Sinopec saw its refinery throughput drop by 2.03% in 2024 from a year earlier.
  • Nigeria’s 650kb/d Dangote refinery has suffered a small leak at a key gasoline-production unit, according to a Bloomberg source.
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US diesel cracks are heading for a weekly decline, as colder weather passes and refineries impacted by blizzards begin restarts. Natgas curtailments in the Northeast USA has prompted a switch to diesel, keeping some support.

  • US gasoline crack down 0.7$/bbl at 12.67$/bbl
  • US ULSD crack up 0.7$/bbl at 28.07$/bbl
  • The UK’s Stanlow refinery is planning works on its gasoline making units in the coming weeks A Bloomberg source reports.
  • HPCL is to start commissioning at the 9m ton Barmer Refinery from Q2 2025 after mechanical completion by the end of March, according to Chairman Rajneesh Narang cited by Bloomberg.
  • ExxonMobil’s 235,000 bpd Gravechon refinery in France is halting some capacity on Saturday according to a community alert.
  • Ukrainian drones that struck Russia’s 262,000bpd Ryazan refinery overnight  hit  a hydrotreater unit used to remove impurities from refined products according to Reuters sources.
  • Asia's HSFO cracks have reached a 17-month high due to limited availability and US sanctions against Russia, Platts said.
  • A fire erupted at a crude processing unit in Iraq's Rumaila oilfield on Jan. 24, according to Reuters sources.
  • Sinopec crude processing fell 2.03% y/y in 2024, and diesel output tumbled 10.27% y/y, according to Reuters.
  • Sinopec saw its refinery throughput drop by 2.03% in 2024 from a year earlier.
  • Nigeria’s 650kb/d Dangote refinery has suffered a small leak at a key gasoline-production unit, according to a Bloomberg source.