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*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following    1.9M Followers
DIESEL CRACKS PLUNGE ON U.S. EXPORT BAN REPORT U.S. diesel cracks fell $12.70 to $97.85/bbl after Politico reported the White House is preparing a 90-day diesel export ban. Meanwhile, gasoline cracks jumped $2 to $47.41/bbl, reflecting concerns that lower diesel margins could force refiners to cut production and tighten gasoline supply. European gasoil cracks also rose as markets priced in reduced U.S. diesel exports.
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