Chicago Gasoline Discounts Narrow On BP's Whiting Refinery Snag

Date : 02/03/2012 @ 12:11PM
Source : Dow Jones News
Stock : BP P.L.C. (BP)
Quote : 38.18  0.0 (0.00%) @ 5:37PM
BP share price Chart

Chicago Gasoline Discounts Narrow On BP's Whiting Refinery Snag

BP (NYSE:BP)
Historical Stock Chart

6 Months : From Nov 2011 to May 2012

Click Here for more BP Charts.

The unplanned shutdown of a key gasoline-making unit at Bp PLC's (BP, BP.LN) oil refinery in Whiting, Ind., has strengthened Chicago's spot market gasoline differential sharply on Friday.

The larger of two fluid catalytic cracking units was taken out of service on Thursday, a person familiar with operations at the refinery said on Friday. There is no estimate yet on when it will resume operations.

As a result, the pricing discount for unleaded regular conventional gasoline for prompt delivery in Chicago has narrowed by 6.0 cents on the day so far, to trade at 14.0 cents a gallon below the March Nymex benchmark price.

The Whiting refinery is able to process up to 405,000 barrels of crude oil a day.

-By Rose Marton-Vitale, Dow Jones Newswires, 201-264-4185, rose.marton@dowjones.com



NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Affiliate Scheme
Copyright 1999-2011 ADVFN PLC. Copyright Notice & Privacy Policy :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
41 site:2us 120516 17:53