Gasoline crack spreads are within their trading range since Oct. 23 with a seasonal lull in demand weighing against falling US stocks.

• US gasoline crack up 0.5$/bbl at 13.86$/bbl
• US ULSD crack up 0.5$/bbl at 24.84$/bbl
• U.S. retail gasoline demand saw a fall of 0.3% for the week ending November 2 (Sun-Sat), modelled at 8.4mb/d, according to GasBuddy.
• US gasoline inventories seen down 0.9m bbl in week to Nov. 1, while distillate inventories, mainly diesel, are seen with down 0.3m bbl, a WSJ survey showed.
• Russian oil-product flows fell to one of the lowest levels on record in October as seasonal refinery maintenance curbed the availability of fuels for export, Bloomberg said.
• An overhaul at Germany’s largest oil refinery is set to start during Q1 2025, according to Shell cited by Bloomberg.
• Indian refiner, Hindustan Petroleum is seeking to increase term crude supply from Iraq’s SOMO by 43% in 2025 to meet demand of its expanding refinery capacity, according to Bloomberg.
• The diesel demand in India faces headwinds as economic growth slows and consumption patterns shift, according to Bloomberg.
• LSFO storage available for lease at Zhoushan, China’s largest bunkering hub, stood at 2.08m mcm as of Nov. 5, according to Platts.