The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. Cash Products-Gulf Coast gasoline stronger in thin trading

Thu, 22nd Oct 2015 19:08

* Gulf gasoline up in thin trade * NY Harbor differentials firmer * Midwest products mixed, Chicago ULSD weaker on better supply HOUSTON, Oct 22 (Reuters) - - U.S. Gulf Coast cash gasoline differentials rose on Thursdayin thin trade with few sellers participating, traders said. A4 CBOB, or conventional regular gasoline blendstock formulated for blending with 10 percentethanol, traded at 8.00-, 7.75- and 7.50-cent discounts to December RBOB futures, andthen was talked as low as 6.50 cents under, down 2.00 cents per gallon from Wednesday's finish. Conventional M4 gasoline sold at 4.50- and 4.00-cent discounts to futures, up a penny pergallon, traders said. The moves came as a gasoline-making fluid catalytic cracking unit (FCCU) at MarathonPetroleum Corp's 451,000 barrels per day (bpd) Galveston Bay refinery in Texas City,Texas, remained shut because of ongoing compressor and catalyst flow problems.Also, Valero Energy Corp on Thursday reported to regulators a controlled shutdown at its205,000 bpd Corpus Christi, Texas plant for leak repairs in a process unit. However, also on Thursday Royal Dutch Shell said planned work was finished at its316,600 bpd refinery in Deer Park, Texas, and LyondellBasell Industries said an FCCU at its 263,776 bpd Houston refinery had restarted. Traders attributed higher differentials to thin trade, noting that the restarts largelycanceled out fallout from the outages in the well-supplied market. Midwest products were mixed. Chicago CBOB gasoline had buyers bidding 14 cents aboveNovember RBOB for cycle-3 October barrels, while sellers asked 17 cents over. It waspegged at 15 cents above the benchmark late on Wednesday. Chicago ultra-low sulfur diesel (ULSD) continued to slump on improved supply availability,brokers said. Sellers asked 9.00 cents above November ULSD and buyers were bidding 6.00cents above futures. It was pegged at 15 cents over late on Wednesday, off 10 cents fromTuesday. Group Three gasoline had buyers and sellers on either side of 15 cents above November RBOB,two cents below where it was valued late on Wednesday. ULSD was pegged half a cent stronger at1.50 cents above November ULSD. New York Harbor differentials mostly firmed. F4 RBOB was at 0.75 cent above November RBOB,up 0.25 cent from its late-Wednesday peg. M3 gasoline strengthened 0.75 cent to 5.25 cents overNovember RBOB. ULSD gained 0.75 cent to 0.75 cent below November futures. Jet fuel was pegged at 3.50 centsbelow November ULSD, 0.50 cent stronger from its value late on Wednesday. Ethanol Renewable Identification Number (RIN) credits rose a penny to trade at 41.25 centseach, brokers said. Biodiesel credits for 2015 traded two cents higher at 62 cents. For more refinery news, please go to Latest day Timing NYMEX Bid Offer Change Contract U.S. GULF COAST <0#P-USG> * Scheduling A4 CBOB gasoline Cycle 61 RBOB -7.00 -6.50 2.00 M4 conventional gasoline Cycle 61 RBOB -4.25 -3.75 1.00 62-grade ULSD Cycle 59 HO -7.75 -7.25 0.25 54-grade jet fuel Cycle 59 HO -9.00 -8.00 0.00 Heating oil * Cycle 58 HO -15.00 -14.50 0.75 NEW YORK HARBOR <0#P-NYH> M3 conventional gasoline Prompt RBOB 5.00 5.50 0.75 F4 RBOB Prompt RBOB 0.50 1.00 0.25 ULSD Prompt HO -1.00 -0.50 0.75 Heating oil Prompt HO -10.25 -9.75 0.00 Jet fuel Prompt HO -3.75 -3.25 0.50 MIDWEST <0#P-G3> <0#P-MC> Chicago CBOB gasoline Cycle 3 RBOB 14.00 17.00 0.00 Chicago ULSD Cycle 3 HO 6.00 9.00 -6.00 Group Three gasoline RBOB 14.00 16.00 -2.00 Group Three ULSD HO 1.00 2.00 0.50 (Reporting by Kristen Hays in Houston and Robert Gibbons in New York; Editing by Alan Crosby)

More News
16 Dec 2021 22:13

UPDATE 2-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds approval expected by Jan. 13)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican stat...

Read more
16 Dec 2021 14:42

Latin American oil auctions kick off after two-year lull

* 11 firms registered to bid in Brazil's auction on Friday* Competition expected to be fiercest since 2018* Seven Latin American nations to hold auctions in 2022-2023By Marianna Parraga and Sabrina ValleHOUSTON, Dec 16 (Reuters) - Latin America's oil...

Read more
15 Dec 2021 12:16

Five companies seek to develop CO2 storage off Norway

OSLO, Dec 15 (Reuters) - Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in th...

Read more
15 Dec 2021 10:10

UPDATE 2-FTSE dips as inflation surges to 10-year high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG down on plans to cancel Air Europa acquisition* Rentokil falls for second day on M&A plans* Inflation jumped to 5.1% in Nov vs. 4.2% in...

Read more
15 Dec 2021 09:33

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

Read more
14 Dec 2021 09:40

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

Read more
13 Dec 2021 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
13 Dec 2021 11:48

Brazil's oil regulator approves Mero oilfield production agreement

SAO PAULO, Dec 13 (Reuters) - Brazilian state-run oil company Petrobras said on Monday that the country's oil regulator ANP has approved a production agreement for the Mero oilfield, deciding on which stake of its oil and gas output will be hold ...

Read more
13 Dec 2021 10:16

UPDATE 2-Energy, bank stocks drag London's FTSE 100; Omicron fears weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Purplebricks plunges after delaying results* SThree drops as CEO steps down* FTSE 100 down 0.8%, FTSE 250 off 1.2% (Updates to close)By Ba...

Read more
13 Dec 2021 07:22

Qatar Energy acquires 17% stake in Shell-operated concessions in Egypt

DUBAI, Dec 13 (Reuters) - Qatar Energy will acquire a 17% stake in two Shell-operated concessions (Block 3 and Block 4) in Egypt's Red Sea region, Shell Egypt said on Monday.Shell will remain the main operator of the concessions, Shell Egypt's st...

Read more
12 Dec 2021 14:00

Activist group targets Exxon with shareholder climate resolution

* Follow This targets Exxon for first time* Dutch group also targets other energy companiesBy Ron Bousso and Sabrina ValleLONDON, Dec 12 (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging i...

Read more
10 Dec 2021 23:26

UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

(Adds no reply from company)HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, sa...

Read more
10 Dec 2021 20:44

Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, said sources familiar with pl...

Read more
10 Dec 2021 16:57

Can we still be friends? Shell sends Dutch PM parting note

By Toby SterlingAMSTERDAM, Dec 10 (Reuters) - On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London https://www.reuters.com/markets/europe/royal-dutch-shell-plc-shareholders-set-approve-move-london...

Read more
10 Dec 2021 15:29

Belarus oil firm cancels 2022 exports to Germany after EU sanctions - traders

MOSCOW, Dec 10 (Reuters) - Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on Friday.On ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.