Cracking margins have outpaced coking margins across the US as refiners change specifications to make cleaner burning transitional and summer grade gasoline, an analysis from S&P Global Commodity Insights showed March 6. US Gulf Coast margins remain supported by a heavy maintenance season which has cut regional utilization to 86.2% of capacity for the week ended Feb. 24, according to most recent US Energy Information Administration data. Total US refinery utilization for the week was 85.5% of capacity.
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