U.S. gasoline margins fell by more than 11 percent early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.The sharp drop in gasoline margins came as government data showed U.S. gasoline inventories reached record highs amid weakening demand at the pump. Trading houses such as Noble and Mercuria have meanwhile booked cargoes for a highly unusual route away from the gasoline-hungry U.S. East Coast to West Africa.The U.S. gasoline crack spread , a key indicator of refining margins, fell 11.2 percent to a one-year low of $9.50 cents a gallon in early trading on the New York Mercantile Exchange.U.S. gasoline demand growth will be lackluster this year largely because the United States reached full employment last year, Harry Tchilinguirian, BNP Paribas’ global head of commodity markets strategy, told the Reuters Global Oil Forum on Friday.
- An error has occurred; the feed is probably down. Try again later.
- Marcellus Shale Coalition sends their own letter to the governor - Pittsburgh Business Times June 18, 2019
- Marcellus Shale Update: From the Strait of Hormuz to the Port of Philadelphia – It’s All One World - JD Supra June 17, 2019
- Industry criticizes 'ridiculous' request to halt shale gas drilling - Pittsburgh Post-Gazette June 18, 2019
- Mexican presidential frontrunner will not reverse energy reform: adviser
- Global commodity trader Koch cuts staff in restructuring
- Energy partnerships simplify business models to spur growth
- Mexico Strives to Generate a Homespun Fracking Revolution | 2018-02-21 | Natural Gas Intelligence
- Avant plans logistics system to import refined products into Mexico
- Mexico’s Natural Gas Dilemma | OilPrice.com
- India Wants Eleven More LNG Import Terminals
- Energy CEOs ask President Trump to fund Port of Corpus Christi Ship Channel Improvement Project – HBJ
- Q&A: Plastics boom keeps Houston humming – Houston Chronicle
- Commodities fund Jamison Capital to shut – Reuters