09/04/2015 Daily Market Update

By: Lindsay Farrell / September 4, 2015

Oil prices posted marginal gains yesterday, in line with the equity markets. WTI rose by 1.08% to $46.75/bbl. However, we are seeing losses this morning as WTI hovers around the $46.50/bbl level. RBOB futures saw a slight gain yesterday, but most cash markets did not follow suit as most differentials softened, off-setting the light paper gains.

 

2015.09.04_table

On the East Coast, refiners’ throughput is down at 1.217 million bpd. Comparing this to August—when refiners had the highest output since September 2011 with throughput at 1.23 million bpdit is clear that the latest refinery closures and issues are being felt throughout the region. According to Reuters, PBF Energy is still undergoing repairs on its gasoline-making fluid catalytic cracker at its Delaware City refinery, Phillips 66 shut its Bayway refinery unexpectedly last week, and PES was forced to shut an FCC over the weekend.

Categories: Daily Market Update


Lindsay Farrell

Written by

Lindsay Farrell

As Manager of Quality Assurance and Regulatory Compliance, Lindsay Farrell is responsible for fuel operability across the company’s terminals and customer sites, as well as keeping up-to-date with the latest regulations and best practices within the industry.


Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.


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