BP Share News (BP.)

* Chicago ULSD stronger, most Midwest steady or little changed * NY harbor RBOB slightly weaker, M2 conventional gasoline steady HOUSTON, May 18 (Reuters) - U.S. Gulf Coast cash gasoline differentials slidon Monday as the market absorbed a report from last week that Marathon PetroleumCorp had postponed work on a key unit at its Louisiana refinery, traderssaid. Industry publication Energy News Today reported on Friday that Marathonpostponed up to a four-week shutdown for work on the lone gasoline-making fluidcatalytic cracking unit (FCCU) at its 522,000 barrels per day (bpd) refinery inGaryville, Louisiana. ENT had reported earlier last week that the unit wouldshut by week's end for work. On Friday ENT said the company delayed the work, allowing crude runs toreturn to normal. The same FCCU and an alkylation unit are scheduled for up totwo months of work in the fall of 2016, ENT said. On Monday A2 CBOB, or conventional regular gasoline blendstock formulatedfor blending with 10 percent ethanol, fell 0.75 cent per gallon to a 17.50-centdiscount to June RBOB futures on the New York Mercantile Exchange, whileconventional M2 gasoline slipped 1.25 cents per gallon to a 14.25-cent discountto futures, traders said. Gasoline in the Midwest was steady, even with a report by industryinformation provider Genscape that the BP-Husky joint-venture refinery inToledo, Ohio, had shut a 55,000-bpd FCCU. Several Midwest brokers said they had not heard chatter about Toledo and hadnot seen differentials move on talk of an FCCU problem. Chicago CBOB gasoline for cycle-3 May delivery was steady at 7 cents belowJune RBOB and Group Three gasoline was pegged only 0.25 cent stronger, withsellers seen asking 12.50 cents below June RBOB. Chicago ultra-low sulfur diesel (ULSD) for cycle-3 May supply gained a pennyto 2 cents below June ULSD futures. Group ULSD steadied at 4.25 centsbelow June ULSD. New York harbor gasoline was mixed. F2 RBOB was 0.25 cent weaker at 0.50cent below June RBOB, while M2 conventional gasoline was steady at 8.50 centsbelow. ULSD traded little changed at 0.30 cent above June ULSD. Jet fuel was aquarter cent stronger at 5.50 cents below June ULSD. Ethanol Renewable Identification Number (RIN) credits for 2015 traded from72.50 to 73 cents each, a weaker range than Friday's trades from 73.25 to 74cents. Credits for 2014 traded at a two-cent premium to 2015 credits. Biodiesel credits for 2015 traded at 87.75 cents, stronger after beingpegged on Friday at 86 cents. Credits for 2014 were pegged at a 3.50- to 4-centdeficit to 2015 credits. For more refinery news, please go to Latest day Timing NYMEX Bid Offer Change Contract U.S. GULF COAST <0#P-USG> * Scheduling A2 CBOB gasoline Cycle 29 RBOB -17.75 -17.25 -0.75 M2 conventional gasoline Cycle 29 RBOB -14.50 -14.00 -1.25 62-grade ULSD * Cycle 27 HO -4.75 -4.25 0.00 54-grade jet fuel Cycle 28 HO -12.50 -11.50 0.00 Heating oil Cycle 27 HO -18.50 -18.00 -0.50 NEW YORK HARBOR <0#P-NYH> M4 conventional gasoline Prompt RBOB -8.75 -8.25 0.00 Any-Month RBOB -8.75 -8.25 0.00 F4 RBOB Prompt RBOB -0.75 -0.25 -0.25 Any-Month RBOB -0.75 -0.25 -0.25 ULSD Prompt HO 0.00 0.50 0.00 Any-Month HO 0.00 0.50 0.00 Heating oil Prompt HO -13.00 -12.50 0.25 Any-Month HO -13.25 -12.75 0.00 Jet fuel Prompt HO -5.75 -5.25 0.25 Any-Month HO -5.75 -5.25 0.25 MIDWEST <0#P-G3> <0#P-MC> Chicago CBOB gasoline Cycle 3 RBOB -7.25 -6.75 0.00 Chicago ULSD Cycle 3 HO -3.00 -1.00 1.00 Group Three gasoline RBOB -12.75 -12.50 0.25 Group Three ULSD HO -4.50 -4.00 0.00 (Reporting by Kristen Hays in Houston and Robert Gibbons and Chris Prentice inNew York; Editing by Alan Crosby)