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 :

June 29, 2021

EUAs rebounded after an early weakness

The European power spot prices edged up yesterday as the higher fuels and emissions price combined with the expectations of stronger power demand offset the…
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?