REFINING: Repsol’s Puertollano Refinery Works to End Next Week

Apr-25 13:05

The turnaround at Repsol’s Puertollano refinery is due to end next week, according to CEO Josu Jon Imaz.

  • Some units have already restarted after Repsol previously reported that planned maintenance started 4 March for 60 days with a total of 20 units involved. Works included the replacement of a compressor steam turbine by an electric motor.
  • The Repsol earning call reported its refining margin in Spain rose to $11.4/bbl in Q1 but has fallen to $7/bbl so far in April.

Historical bullets

US TSYS: Post-House Data React

Mar-26 13:05
  • Treasury futures climbing off early session lows after lower than expected FHFA House Price Index MoM (-0.1% vs. 0.3% est) while S&P CoreLogic CS 20-City MoM SA (0.14% vs. 0.20% est, prior up-revised to 0.26% from 0.21%).
  • Jun'24 10Y futures had fallen to 110-13 (-3.5) low prior to latest data set, trades 110-14.5 last (-2). Initial technical support below at 110-08+/109-24+ (Low Mar 21 / 18 and the bear trigger).

GILT PAOF RESULTS: The PAOF for the 4.50% Jun-28 Gilt was not taken up

Mar-26 13:05
  • A total of GBP750.0mln had been available.
  • This leaves GBP34.410bln of the gilt in issue.

MNI:US JAN FHFA HPI SA -0.1% V +0.1% DEC; +6.3% Y/Y

Mar-26 13:00



  • MNI:US JAN FHFA HPI SA -0.1% V +0.1% DEC; +6.3% Y/Y