US Cash Crude-Grades mixed as weakened refinery demand offset tightened supply
Sept 12 (Reuters) -Cash grades pulled in different directions on Thursday, dealers said, with a mixed outlook for domestic refinery demand and some supply cuts in the aftermath of Hurricane Francine.
Exxon Mobil XOM.N was increasing production at its 522,500 barrel-per-day (bpd) Baton Rouge, Louisiana refinery on Thursday following the passage of Hurricane Francine east of the plant on Wednesday night, said people familiar with plant operations.
The Baton Rouge refinery's production was approaching maximum output on Thursday morning, the sources said.
Meanwhile, BP's BP.L 435,000-barrel-per-day (bpd) Whiting, Indiana, refinery plans to begin turnaround as early as Sept. 20, research company IIR Energy said on Thursday.
The planned maintenance activities are expected to last around 60 days, IIR said.
Whiting is the largest refinery in the Midwest.
On the supply side, offshore energy producers reported on Thursday they had shut-in 42%, or 730,000 barrels per day of Gulf of Mexico oil production and 53%, or nearly 992 million cubic feet of natural gas, offshore regulator Bureau of Safety and Environmental Enforcement said.
* Light Louisiana Sweet WTC-LLS for October delivery fell 18 cents at a midpoint of a $1.92 premium and was seen bid and offered between a $1.80 and $2.05 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS fell 5 cents at a midpoint of a 80-cent discount and was seen bid and offered between a 90-cent and 70-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 15 cents at a midpoint of a 55-cent premium and was seen bid and offered between a 45-cent and 65-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS gained 3 cents at a midpoint of a 8-cent premium and was seen bid and offered between a 5-cent and 10-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.15 and $1.35 a barrel premium to U.S. crude futures CLc1
* ICE Brent November futures LCOc1 rose $1.36 to settle at $71.97 a barrel on Thursday.
* WTI October crude CLc1 futures rose $1.66 to settle at $68.97 a barrel on Thursday.
* The Brent/WTI spread WTCLc1-LCOc1 narrowed last to minus $4.01, after hitting a high of minus $3.79 and a low of minus $4.10.
Reporting by Georgina McCartney in Houston; editing by Diane Craft
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