EnergyScan

Refining works in the US

Crude prices rallied yesterday, above 85 $/b for ICE Brent crude, despite a rather neutral data release from the EIA. Indeed, crude stocks continued to be depleted at a rapid pace (4.6 mb) despite multiple maintenance and outages plaguing the US refineries (fire at the Baytown refinery broke last week). On the refined product side, stock builds in gasoline (8mb) and diesel (2.5 mb) reflected a still rather poor demand, especially on the gasoline side. Refining works will continue to reduce the product output in PADD3, as Valero’s hydrocracker in Port Arthur (57 kb/d) will be offline until the end of January for planned maintenance which will lower the diesel and jet output of the 600 kb:d refinery. Its 75 kb/d FCC unit, primarily producing gasoline, will be down at the end of February.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-power
February 21, 2022

EUAs shed most of Thursday’s losses

The European power spot prices for today were strongly curbed by the continuously strong renewable production with the German wind production expected to remain near…
ES-economy
October 22, 2021

Evergrande avoids default

The trend was rather optimistic in Asia after Evergrande, the Chinese property developer paid the interest due on a USD bond. There were 3 days left…
ES-power
April 25, 2022

A return of the carbon market’s speculators ?

The European power spot prices climbed above 220€/MWh for today, supported by a combination of decreasing temperatures, dropping wind output and much weaker nuclear availability…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet?  Sign up here!

[booked-calendar]