US colonial pipeline to restart by the end of the week

Crude oil, US gasoline and diesel prices declined on early Tuesday as the pipeline operator announced that transport capacity should be restored by the end of the week, while it started to operate a subsection of the line manually to flow product inventories to the East coast. Gulf Coast refiners are already cutting gasoline and diesel output to limit product builds in the region. Indian Oil Corp, one of the key Indian refiner, is cutting utilization rates for their refineries to 85%, 10 %pts lower than April, as product stocks as swelling due to the magnitude of the demand destruction. 

road traffic india
Share this news :

You might also read :

ES-power
April 27, 2022

Well, it was a quick !

The European power spot prices edged down yesterday on an early bearishness of gas prices and forecasts of warmer temperatures and strong solar generation offsetting…
ES-oil
April 8, 2021

Builds across US refined product markets

Despite dwindling US crude inventories, global crude prices fell on Wednesday and remained below 63 $/b for prompt ICE Brent contracts, as surprise builds in US gasoline…
ES-oil
May 20, 2021

Reality check

ICE Brent prompt contract collapsed to 66.6 $/b as the dollar strengthened, while prompt time spreads remained subdued at 15 cents, reflecting a balanced spot…
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]