US Gulf Coast refiners see distillate glut

摘要

New York—US Gulf Coast refiners are slowing production of ULSD as stocks of the fuel reach the highest level since February on closed arbitrages, but they will be able to ramp up quickly if they re-open, traders said. The growth of cheaper North American crude oil production has cut the price of making diesel and focused large and economical refineries along the Gulf Coast on the export market.