Houston CBOB Basis Dips Ahead of Spec Change


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN) -- Basis for CBOB at the Houston origination point for the 
Colonial Pipeline weakened by 17.25cts on Thursday ahead of the final day of 
trading for the winter season 13.5psi Reid vapor pressure (RVP) specification.

   Cycle 14 CBOB traded last at a 43.50cts discount to April RBOB futures on 
the New York Mercantile Exchange in active trading.

   CBOB fuel specifications transition to 13.5psi RVP Thursday, with cycle 15 
basis assessed at a 26.25cts discount to April futures. RVP moves to 9psi RVP 
the first week of March.




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