US refining margins narrow on product length

摘要

Analysis New York-US refining margins were generally lower last week as high refined product inventories weighed on yields, an analysis of Platts margin data showed Along the US Gulf Coast’s sophisticated refining center, the coking advantage has narrowed, as residual fuel prices have held steady while higher end products like gasoline and diesel have weakened. Gasoline continues to trade at a discount to diesel in the midst of the key US summer driving season. And some analysts suggest diesel will weaken further as refiners switch their slates to maximize distillates.