◂ Event Timeline

Nov 19, 2024LOGISTICSUS

BP's Whiting, Indiana, refinery delays restart from maintenance, sources say

BP delayed restarting a crude distillation unit and coker at its 435,000 bpd Whiting, Indiana refinery after maintenance. Chicago gasoline and ULSD traded at narrower discounts to NYMEX futures as a result.

WHY IT MATTERS

Reduced refinery output tightens Chicago-market fuel supply, lifting regional diesel prices that affect local trucking and logistics costs.

AFFECTSULSD / Diesel▲

SOURCE
reuters.comNicole JaoNov 19, 2024

Price reaction & history

ULSD / Diesel▲bullishSO FAR1d -0.7%5d -0.7%20d -1.3%

After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.

Sep 12, 2023US East Coast scrambles for distillates ahead of refiner maintenance | Reuters-2.4%
Oct 17, 2022Atlantic Basin refining margins soar on refinery outages, tight diesel supply | S&P Global-6.7%
Oct 13, 2026Diesel Prices & Freight Trends: What’s Driving the Market in Q4?+1.8%
Mar 20, 2023European diesel tightens, crude weakens as French refinery outages linger+0.8%
May 12, 2021Diesel outages starting to rise in Southeast on back of Colonial closure - FreightWaves+0.6%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

ULSD / Diesel DIESEL · GP ▸

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