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Abney Associates boiler news story: N.Y. Gasoline Gains as PBF Delaware City Shuts Coker Unit Boiler

Posted Jun 16 2013 4:35am 1 Comment

New York gasoline strengthened after a boiler was shut on a coker unit at PBF Energy Inc. (PBF)’s Delaware City, Delaware, refinery and on speculation demand for U.S. East Coast exports is growing.

The premium for reformulated, 84-octane gasoline, or RBOB, in the New York Harbor region widened 0.08 cent to 0.43 cent a gallon versus futures on the New York Mercantile Exchange at 3:43 p.m., according to data compiled by Bloomberg. Conventional gasoline for ethanol blending, or CBOB, increased 1.12 cents to a discount of 13.13 cents.
PBF said the boiler would be offline until tomorrow at the 182,200-barrel-a-day Delaware City plant. U.S. East Coast exports may climb on higher demand from Petroleos de Venezuela SA, operator of the Amuay refinery, said Carl Larry, president of Oil Outlooks & Opinions LLC in Houston.
“PDVSA is looking for spot barrels of reformate and that’s more than likely causing the rift in gasoline,” said Larry, who is based in Houston. “Delaware City is probably more sensitive to distillates.”
Ultra-low-sulfur diesel was unchanged at 0.25 cent a gallon above Nymex futures, according to data compiled by Bloomberg. Jet fuel in New York strengthened 0.63 cent to a 7.5-cent discount.
PDVSA may be seeking more barrels after Venezuela oil union leader Ivan Freites said a 100,000-barrel-a-day distillation unit remained offline due to furnace problems at the company’s Amuay refinery. The work, which began two weeks ago, should take about four weeks, he said in a June 10 interview.

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