(Updates with comment from ENT and Shell)
NEW YORK, Oct 30 (Reuters) - Front-month gasoline prices rallied more than 4.1 percent on Friday, outpacing crudeoil gains on news of extended refinery work in Texas andthe expiration of the November contract.
Shell Plc has extended maintenance on ahydrocracker unit at its 316,000 barrels per day Deer Parkrefinery by around two weeks, according to reports from EnergyNews Today and IIR Energy. Earlier in the day traders hadmistakenly identified the unit as a fluid catalytic cracker.
The hydrocracker, which was shut at the end of September,was expected to be online by the end of October but will nowrestart only around Nov. 15, according to reports by Energy NewsToday and IIR Energy. ENT estimates that production losses forthe additional downtime are 700,000 barrels of distillate and315,000 barrels of gasoline.
Shell declined to comment on the work.
Traders added that the ratio of fluid catalytic crackeroutages to crude unit outages is very high seasonally. An FCC isused to make gasoline. (Reporting by Jessica Resnick-Ault; Editing by James Dalgleish)
