ULSD Basis in Houston Strengthens after Recent Weakness
CRANBURY, N.J. (DTN) -- Basis for ultra-low sulfur diesel fuel at the
Houston origin of the Colonial Pipeline in the Gulf Coast spot market
strengthened 300 points to a 23.75cts discount to January futures on the New
York Mercantile Exchange Monday afternoon.
The post-holiday gain in basis, which remains weak historically, is realized
as distillate fuel inventory in PADD 3 was last measured 755,000 bbl less than
year ago at 41.445 million bbl as of Nov. 17, according to Energy Information
For PADD 1C Lower Atlantic states, a region dependent on PADD 3 refinery
production, distillate inventory totaled 9.229 million bbl as of Nov. 17, an
18-month low, and 2.307 million bbl below year ago.
Brian L. Milne, 1.732.768.0260, email@example.com, www.dtn.com.
(c) Copyright 2023 DTN, LLC. All rights reserved.