Chicago gasoline trades at smaller discount after refinery glitch

20 June 2012 22:00  [Source: ICIS news]

HOUSTON (ICIS)--Spot Chicago gasoline spot traded at a smaller discount against NYMEX gasoline futures, following reports of an equipment failure at CITGO’s Lemont refinery in Illinois, a midwest spot trader said on Wednesday.

In the Chicago spot market, summer conventional blendstock for oxygen blending gasoline traded at a discount of 4.13 cents/gal to gasoline futures on the NYMEX, compared with a discount of 8.25 cents/gal on Tuesday.

A filing on Wednesday with the National Response Center said that CITGO’s 167,000 bbl/day refinery showed flaring as a result of an equipment failure on Tuesday. The report said the equipment failure was quickly addressed.  

By: Sheena Martin
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