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US Cash Products-USG, NYH diesel down as export demand off

Mon May 12, 2008 10:36pm IST
 
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NEW YORK, May 12 (Reuters) - Ultra-low sulfur diesel differentials on Monday added to last week's losses in the New York Harbor and U.S. Gulf Coast as export interest waned, traders said.

Gasolines were mixed east of the Rockies, with Gulf Coast differentials losing ground due to ample supply in the market.

In the Midwest, values were flat to lower after last week's rally. Traders reported that anticipation of fresh supplies from the U.S. Gulf Coast would likely keep values flat for the rest of the week.

In refinery news, Hovensa said a crude unit at its 500,000 barrel per day St. Croix refinery was shut last week for a 7 to ten day planned turnaround. [ID:nN12225521]

ExxonMobil (XOM.N: Quote, Profile, Research) has restarted a 118,000 bpd gasoline-making fluid catalytic cracker at its 349,000 bpd Beaumont, Texas refinery. [ID:nN11508254]

Murphy Oil Corp (MUR.N: Quote, Profile, Research) said its 35,000 Superior, Wisconsin refinery is currently in a full plant turnaround that will be completed at the end of May.[ID:nN12220208]

For more refinery outages, click [REF/US]

U.S. crude oil futures slipped on Monday after reaching a high above $126 a barrel on news of a snag at the U.K. Grangemouth refinery, a weaker dollar, and Turkish air attacks on northern Iraq.

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