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US Cash Products- ULSD surges in Harbor; Chi mogas eases

Tue Mar 11, 2008 10:41pm IST
 
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NEW YORK, March 11 (Reuters) - Ultra low sulfur diesel surged up to 8 cents a gallon in the New York Harbor after exports and refinery outages left available supplies on the low side, traders said on Tuesday.

"It's the same story; there's none around," said one distillates trader in the New York Harbor.

Industry analysts forecast that U.S. distillate stocks, which include diesel and heating oil, fell for the fifth week running last week ahead of Wednesday's release of the Energy Information Administration's (EIA) petroleum report. [EIA/S]

ULSD values were also higher in the U.S. Midwest, up between half a cent and two cents, but the fuel eased in the U.S. Gulf Coast after rising Monday ahead of scheduling.

Gasoline was in range in the Gulf, traders said. Chicago gasoline slipped off late Monday highs while differentials eased one cent in the Midwest's Group Three.

In refinery news, Marathon said several small units at its 192,000 barrel per day refinery in Robinson, Illinois are going into planned maintenance [ID:nN11596188]

Exxon said it recently completed restarting the fluid catalytic cracker at its 192,000 bpd joint-venture refinery in Chalmette, Louisiana. [ID:nN11582156] Citgo briefly cut rates on the gasoline-making FCC at the east plant of its Corpus Christi, Texas, refinery due to a storm. [ID:nN10507195]

U.S. crude oil futures bounced back up more than $1 near midday on Tuesday, rising near $109 per barrel.

For NYMEX reports click [O/N]  Continued...

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