1. Buoyed by SPR Replenishment, US Sour Grades Roar Back to Strength- The end of US SPR releases and firm demand from Gulf Coast refineries have strengthened the differentials of medium sour grade Mars, gaining some $6 per barrel since the start of the year. - With Mars currently trading at a $0.30 per barrel premium to WTI, the region’s main benchmark, it has almost closed the gap with the USGC favorite Light Louisiana Sweet.
- US gasoline demand figures have been consistently above 2022 readings, averaging between 9.2 and 9.3 million b/d,…Texas Natural Gas Demand Surges
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