Wednesday, 13 November 2024 | 13:53
SPONSORS
View by:

Gulf Coast diesel rises on buyer demand

Thursday, 31 October 2024 | 01:00

Cash differentials for diesel gained on Tuesday in the U.S. Gulf Coast spot market as multiple buyers bid for supplies, traders said.

Gulf Coast 62-grade ULSD ULSD-DIFF-USG gained 1.85 cents, trading 7.5 cents per gallon below the ultra-low sulfur diesel futures contract on the New York Mercantile Exchange HOc1.

U.S. Gulf Coast M4 conventional gasoline RU-DIFF-USG gained 1.75 cents, trading 4.5 cents lower than the gasoline futures benchmark on the NYMEX RBc1, market participants said.

A4 CBOB gasoline CBOB-DIFF-USG gained a quarter of a cent, trading 11.5 cents per gallon below futures, traders said.

Chicago CBOB gasoline CBOB-DIFF-MC gained 3 cents, trading 8 cents per gallon below futures, traders said.​

Chicago ultra-low sulfur diesel ULSD-DIFF-MC was little changed, trading 6 cents per gallon below diesel futures.

Elsewhere in the Midwest, Group 3 V-grade gasoline RUV-DIFF-G3 gained 0.24 cent, trading 3.26 cents lower than the benchmark.

Group 3 diesel ULSD-DIFF-G3 gained half a cent, trading 10.5 cents lower than the benchmark.

In New York Harbor, M4 conventional gasoline RU-DIFF-NYH fell 1 cent, trading 9 cents per gallon above futures, traders said.

Diesel for delivery in New York Harbor ULSD-DIFF-NYH fell 0.12 cent, trading 0.88 cents per gallon below futures, traders said.

The RBOB futures contract on NYMEX RBc1 fell 1.46 cents to settle at $1.95 a gallon on Tuesday​.

NYMEX ultra-low sulfur diesel futures HOc1 rose 0.51 cents to settle at $2.13 a gallon on Tuesday.

Renewable fuel (D6) credits RIN-D6-US for 2024 traded between 68.5 and 69 cents each on Tuesday, down from between 69 and 70 cents in the previous session, traders said.

Biomass-based (D4) credits RIN-D4-US traded at 69 cents each, down from between 70 cents and 69 cents each previously, traders said.
Source: Reuters (Reporting by Nicole Jao; Editing by Sam Holmes)

Comments
    There are no comments available.
    Name:  
    Email:  
    Comment:  
     
    In order to send the form you have to type the displayed code.

     
SPONSORS

NEWSLETTER