OIL PRODUCTS: Oil Products End of Day Summary: Cracks Rise
Feb-13 19:11
US diesel cracks have regained ground today, while Gasoline cracks are rising following an unexpected decline in stocks in yesterday’s data.
- US gasoline crack up 1.2$/bbl at 17.27$/bbl
- US ULSD crack up 0$/bbl at 31.48$/bbl
- US refiner PBF Energy plans to operate its seven refineries up to 76% of their combined production capacity of 1m b/d in Q1 2025, the company said Feb. 13, cited by Reuters.
- The PBF Energy 156k b/d Martinez refinery near San Francisco may need 45 days or more to assess the damage from a fire on Feb. 1, according to Bloomberg sources.
- PBF Energy CEO Matt Lucey said during a 4Q earnings call Thursday they are still unable to fully access the fire-damaged area at the 156k b/d Martinez refinery to initiate an investigation.
- Pemex partially shut its 245k b/d Salamanca refinery in Mexico due to equipment issues caused by high water and salt content in crude oil: IIR Energy.
- Singapore's onshore fuel oil stockpiles rose for the second week, hitting a three-week high above 20 million barrels according to Enterprise data.
- China’s refined oil exports stood at 2.46m mt in January, down 17.45% on the same period in 2024, according to OilChem citing shipping fixtures.
- Port of Fujairah oil product stocks climbed 10% in the week ended Feb 10 according to FOIZ data.
- China’s road traffic congestion in China’s 15 key cities rose 56.1 percentage points in the seven days Feb. 12, BNEF said.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US STOCKS: Late Equities Roundup: Second Half Recovery, Banks Up Ahead Earnings
Jan-14 19:08
- Stocks have recovered from midday lows and are making moderate gains in late trade - still off this morning's post-data knee-jerk highs as accounts square risk and migrate to the sidelines ahead of Wednesday's key CPI inflation data.
- Currently, the DJIA trades up 206.18 points (0.49%) at 42504.32, S&P E-Minis up 20 points (0.34%) at 5894, Nasdaq up 46.2 points (0.2%) at 19133.11.
- Utilities continue to outperform while Financial sector shares have gained momentum in the second half. Independent power and electricity providers rebounded after Monday's selling: Vistra +4.91%, Constellation Energy +3.09%, NRG Energy +2.42%.
- Banks and financial services shares led gainers in the second half - taking some risk with banks kicking off the latest earnings cycle tomorrow: Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, followed by M&T Bank, US Bancorp, Morgan Stanley and PNC on Thursday.
- Leading gainers included Citizens Financial +3.74%, Huntington Bancshares +2.81, Fifth Third +2.8% and Discover Financial Services +2.64%.
- On the flipside, Health Care and Communication Services continued to underperform in late trade. Pharmaceuticals weighed on the Health Care sector: Eli Lilly -6.5% after phase 1 trials of it's weight loss drug were terminated, Charles River Labs -5.35%, Biogen -3.64% and Moderna -2.87%.
- Interactive media and entertainment shares weighed on the Communication Services sector: Meta -1.83% amid reports of staff reductions of lowest 5% performers, Netflix -0.62%, Alphabet -0.32%.
US TSY OPTIONS: UPDATE: Large Mar'25 10Y Call Buy Update
Jan-14 18:49
- over +128,600 TYH5 108.5 calls on the day from 27 to 29 vs. futures from 107-08.5 to -11 on an appr 0.30% delta
US: FED Reverse Repo Operation
Jan-14 18:21
RRP usage retreats to $160.219B this afternoon from $183.669B on Monday. Compares to $98.356B on Friday, December 20 - the lowest level since mid-April 2021. The number of counterparties rises to 59 from 51.
Related bullets
Related by topic
Gasoil
Marine Oil
Oil Positioning (del)
OPEC
Freight
Jet Fuel
Gasoline
Fuel Oil
Diesel
Oil Options
Energy Data
Trending Top
Jan-30 21:43
Jan-30 21:11
