OIL PRODUCTS: Oil Products Summary at European Close:
Mar-15 16:43
Diesel crack spreads have seen a late surge as European close nears, with the gasoil backwardation also widening. Supply risks from planned and unplanned refinery outages are offsetting weaker demand and signs of recovery in US run rates.
- US 321 crack up 0.6$/bbl at 32.94$/bbl
- US gasoline crack up 0.4$/bbl at 32.6$/bbl
- US ULSD crack up 1.1$/bbl at 33.61$/bbl
- Gasoil APR 24 up 1.2% at 840.5$/mt
- Gasoline cracks have continued their rise, up nearly 15% since the start of the week. Signs of growing demand , tighter supply, and the approach of the US summer driving season all provide upside
- Russian oil refining capacity halted by drone attacks during Q1 2024 amounts to around 7% of the total capacity at 4.6m metric tons (370.5kb/d), according to Reuters calculations.
- TotalEnergies had a temporary malfunction on a petchem unit in its Gonfreville-Normandy complex according to a community notice.
- MNI US Refinery Maintenance Schedule: Full Piece Here: https://enews.marketnews.com/ct/x/pjJscQfbkuwI6a9uIRhzSA~k1zZ8KXr-kA8x6nACZOkptJeg79EIw
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSYS: US TSY 17W BILL AUCTION: HIGH 5.215%(ALLOT 17.23%)
Feb-14 16:31
- US TSY 17W BILL AUCTION: HIGH 5.215%(ALLOT 17.23%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 35.49% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 3.73% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 60.78% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 3.07
US TSY FUTURES: BLOCK, Mar'24 10Y Ultra Sale
Feb-14 16:26
- -3,500 UXYH4 113-25.5, sell through 113-26 post time bid at 1118:00ET, DV01 $320,600. Contract trades 113-26 last +11.5
OPTIONS: Expiries for Feb15 NY cut 1000ET (Source DTCC)
Feb-14 16:25
- USD/JPY: Y149.10($1.0bln), Y150.20-25($550mln)
- USD/CAD: C$1.3550($823mln)
