A 3/1/1/1 crack spread
is calculated assuming that three barrels of a benchmark crude oil are converted into one barrel of gasoline, one barrel of diesel and one barrel of fuel oil.
are being affected by seasonal factors
A Gulf Coast 2/1/1 high sulfur diesel crack spread
is calculated assuming that two barrels of LLS crude oil are converted into one barrel of Gulf Coast conventional gasoline and one barrel of Gulf Coast high sulfur diesel.
This increase was primarily due to a higher Gulf Coast 2/1/1 high sulfur diesel crack spread
, a widening LLS to WTI Cushing spread and the first half 2015 Contango Benefit, partially offset by a narrowing WTI Cushing to WTI Midland spread.
Just like it happens every spring, the crack spread
is rising, but this year has been rising earlier, faster and higher than previously.
Improving trend in crack spreads
, sustaining high plant utilization, and controlling costs while maintaining the plant's safety and reliability;
The positions are primarily in the form of crack spread
swap agreements with financial counterparties, wherein the Partnership has locked in differentials at the fixed prices noted below.
This decrease in operating margin was primarily due to a narrowing of both the WTI Cushing to WTS spread and the WTI Cushing to WTI Midland spread, partially offset by a higher Gulf Coast 3/2/1 crack spread
Both diesel and jet fuel crack spreads
remained relatively flat during Q2 2011 and slightly below their Q1 levels, as a combined result of slowing but still continuing Asian demand growth, ample middle distillate inventories and seasonal weakness," it said.
12 per barrel exceeded the Gulf Coast 3/2/1 crack spread
adjusted for Midland crude discounts.
The front-month June gas oil crack spread
was valued at a premium of $17.
The downgrade reflects the project's declining financial performance as exhibited by a weaker crack spread
environment (down to $9.