US Cash Products-Mostly higher, NYH distillates hold weakness

NEW YORK, April 25 (Reuters) - U.S. Gulf Coast ultra low sulfur diesel differentials rose on Friday, adding to big gains on the futures market, as tight supplies in Europe and South America continued to fuel export demand.

Ineos' oil Grangemouth refinery in Scotland began shutting down this week in advance of a two-day worker strike set to begin Sunday, adding to European refinery outages and maintenance that has cut into distillate stocks.

Meanwhile, a shortage of natural gas in Chile has triggered massive increases in diesel demand. [ID:nN04417251]

Other refined products in hubs east of the Rocky Mountains were softer or steady as traders countered gains on the futures market, dealers said.

In refinery news, BP (BP.L: Quote, Profile, Research) shut a gasoline-making unit and cut coker rates at its 460,000 barrel per day refinery in Texas City, Texas. [ID:nN25282746] For a U.S. refinery outage list click [REF/US]

U.S. petroleum futures on the NYMEX surged on news a U.S. military contracted vessel fired on an Iranian boat, adding to worries about supply disruptions in Nigeria and the North Sea. [O/N] [O/R]

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

Ultra-low sulfur diesel for cycle 25 on the Colonial Pipeline gained 0.75 cent to trade at 16.50 cents over the June heating oil board amid export demand to Europe and South America, adding to a surge on the NYMEX.

Same cycle 74-grade low sulfur diesel was pegged steady at 6.50/7.00 cents over futures.