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US Cash Products-Gulf, Harbor diesel up on exports

Fri Mar 7, 2008 11:59pm IST
 
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NEW YORK, March 7 (Reuters) - Values for diesel in the U.S. Gulf Coast and New York Harbor continued to strengthen on Friday as supplies dwindled due to exports, traders said.

"There's none around ... we got more for export than we are keeping here (in the United States)," said a distillates trader in the New York Harbor.

In the Midwest, Chicago gasoline continued to recover value after the market switch to summer gasoline.

In refinery news, Alon USA Energy Inc. (ALJ.N: Quote, Profile, Research) said it will restart a gasoline-making fluid catalytic cracker unit at its 70,000 barrel per day Big Spring, Texas refinery in mid-July. The company had previously estimated that the unit could be restarted within 60 days of the fire that shut the unit in February.[ID:nN07343615]

Shell said on Friday that its refinery at Deer Park, Texas will reach maximum rates early next week, following the restart of a gasoline hydrotreater on Sunday. [ID:nN07333127]

U.S. crude futures prices jumped to a new record over $106 on Friday, after falling on weak jobs data earlier.

For NYMEX reports click [O/N]

For a list of refinery outages, click [REF/US]

U.S. GULF COAST <0#P-USG>  Continued...

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