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Refined Product Cracks Stable Despite Crude Fall

OIL PRODUCTS

Refined products have remained stable despite the fall in outright crude

  • Both gasoline and diesel cracks are net higher on the day although gasoline spreads have fallen back towards flat this afternoon.
  • Despite high intraday volatility the US and European spreads have remained relatively unchanged since mid last week.
  • US 321 crack up 1.1$/bbl at 48.04$/bbl
  • US gasoline crack up 0$/bbl at 43.1$/bbl
  • US ULSD crack up 3.2$/bbl at 57.94$/bbl
  • Brent FCC margin up 0.9$/bbl at 17.01$/bbl
  • Gasoline-Brent down 0$/bbl at 33.58$/bbl
  • Gasoil-Brent up 1.6$/bbl at 42.4$/bbl
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Refined products have remained stable despite the fall in outright crude

  • Both gasoline and diesel cracks are net higher on the day although gasoline spreads have fallen back towards flat this afternoon.
  • Despite high intraday volatility the US and European spreads have remained relatively unchanged since mid last week.
  • US 321 crack up 1.1$/bbl at 48.04$/bbl
  • US gasoline crack up 0$/bbl at 43.1$/bbl
  • US ULSD crack up 3.2$/bbl at 57.94$/bbl
  • Brent FCC margin up 0.9$/bbl at 17.01$/bbl
  • Gasoline-Brent down 0$/bbl at 33.58$/bbl
  • Gasoil-Brent up 1.6$/bbl at 42.4$/bbl