New From PetroChem Wire . . . .
PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.
For more information,
NYMEX Thursday Wrap: Crude ekes out slight gains; natgas reverses course
HOUSTON, May 12, 2016 (PCW) -- June NYMEX crude futures settled up $0.47/bbl to $46.70/bbl. July Brent at the close of the NYMEX increased $0.52/bbl to $47.97/bbl.
The July Brent/WTI spread widened to $0.52/bbl favoring Brent. Prompt natural gas futures were down 1.8 cents at $2.155/mmBtu. June NYMEX RBOB futures closed at $1.5833/gal, up 0.18 cpg.
US Gulf cash gasoline differentials were steady to higher versus Wednesday’s levels.
A2 CBOB 87 regular was higher at 19 cpg under the screen.
CBOB 87 was steady at 15 cpg under the screen.
D2 CBOB 93 premium was steady at 1.50 cpg under the screen.
CBOB 93 was flat at 3 cpg over the screen.
RBOB was stronger at 15.50 cpg under the screen.
The 3-2-1 crack in the Gulf Coast was $11.45/bbl, $5.70/bbl under the screen. -- John Troland.
To keep up with the day's news and prices in refined products, gasoline blendstocks and refinery chemicals, click here to check out the PCW Daily Refinery Focus