Spot diesel fuel in New York Harbor strengthened relative to futures after Delta Air Lines Inc. shut a unit at its Trainer refinery and regional stockpiles fell to the lowest seasonal level in more than two decades.
U.S. Gulf Coast fuels strengthened relative to futures as allocations along Colonial Pipeline Co.’s main lines signaled strong demand for the region’s supplies, and as Citgo Petroleum Corp. shut a unit in Louisiana.
Colonial Pipeline Co., which operates the largest pipeline linking U.S. Gulf Coast refiners and East Coast markets, said orders to ship distillates on Cycle 35 exceed line 20’s capacity. Capacity on the line, which runs from Atlanta to Nasville, will be allocated, the company said in a notice to shippers.
Colonial Pipeline Co., which operates the largest line linking U.S. Gulf Coast refiners and East Coast markets, said it finished an expansion that will add 24,000 barrels a day of capacity and plans more.
Colonial Pipeline Co. is allocating shipments of distillates for Cycle 37 on Line 20, the company said in an e-mailed notice. Nominations for the portion of the line from Atlanta to Nashville have exceeded the lines’ ability to deliver on a five-day cycle, according to the notice.