RBOB cracks drop ahead of the EIA weekly release

Crude prices remained stable at 68.8 $/b despite increasing concerns of refining throughput reduction, as the colonial pipeline crisis continued to be an issue for US petroleum markets. The API survey, which attempts to anticipate the EIA release, recorded a drop in commercial crude oil stocks of 2.5 mb, while gasoline stocks built by 5.6 mb. RBOB gasoline cracks, delivered in the NY Harbour, dropped below 25 $/b. Japanese runs declined further, as the state of emergency and seasonal weakness, left runs at 2.2 mb/d last week. 

japanese refining runs
Share this news :

You might also read :

ES-oil
February 3, 2022

No OPEC surprises, stable oil prices

The price of Brent 1st nearby is stable above $89/b. As expected, OPEC confirmed that the OPEC+ production quota would be increased by 400kb/d in March and as…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]