With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
Line space on Colonial Pipeline's distillate Line 2 on Wednesday fell back to the lowest point seen this year on a tighter US Gulf Coast/Atlantic Coast spread for ultra low sulfur diesel. Platts assessed line space on the 1.16 million b/d ...
Spot price assessments for US gasoline plunged to the lowest levels of the year across the country Wednesday, pressured by high inventories and weak demand tied to seasonal changes and more efficient vehicles. Gasoline prices in the US ...
Tags: Metallurgy, Mineral, Energy
The Group 3 ULSD differential plummeted Tuesday, down 2.45 cents/gal to NYMEX November ULSD futures minus 9.25 cents/gal -- the lowest level the differential has been since April when the ULSD contract succeeded the former heating oil ...
Tags: ULSD Basis, Group 3 ULSD
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners ...
Tags: U.S.refiners, Mineral
US commercial crude stocks fell 9.87 million barrels to 373.92 million barrels for the reporting week ended July 5, Energy Information Administration data showed Wednesday. The latest decline marks the sharpest two-week draw in US crude ...
Tags: Crude Stocks, Crude imports
Colonial Pipeline Tuesday said its product loss allocation charge for long-haul deliveries will increase to 18 cents/barrel from 16 cents/b on August 1 due to many factors, including Hurricane Sandy last fall. The Houston-to-New York ...
Tags: Colonial, Pipeline Shipping
A new pipeline connecting Colonial Pipeline's system and Buckeye Pipe Line system at Paulsboro, New Jersey, that will begin pumping products this month will enable refined products from the US Gulf Coast to be piped to eastern Pennsylvania ...
Tags: pipeline, Colonial Pipeline, uckeye Pipe Line, pumping products
US Gulf Coast premium gasoline differentials spiked Monday as Colonial Pipeline's 6th shipping cycle deadline loomed, leaving traders scrambling to cover short positions. During the Platts Market on Close assessment process, Lukoil bought ...
Tags: US Gulf Coast, gasoline, gasoline industry
Limited jet availability in the US Gulf Coast market sent differentials up nearly 4 cents Thursday on both the Gulf and Atlantic coasts. Platts assessed Gulf Coast jet fuel at the NYMEX January heating oil futures contract minus 1.50 ...
Atlantic Coast ULSD differentials fell modestly Tuesday, and have not risen for the past six trading days as it narrows the spread to heating oil. Platts assessed Atlantic Coast ULSD for Buckeye Pipeline at the NYMEX January heating oil ...
Tags: Atlantic Coast ULSD, Heating Oil, assessment
The Atlantic Coast ULSD differential surged Thursday, with most of the runup occurring during afternoon trading. Platts assessed Atlantic Coast ULSD for Buckeye Pipeline at the NYMEX January heating oil futures contract plus 8.75 ...