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Technology Stocks : ASML Holding NV
ASML 670.50-2.0%9:36 AM EST

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From: BeenRetired11/16/2016 12:12:08 PM
   of 23884
 
Oil traitor Mercuria storing 60K tons of gasoline components.........................................

greedyman and chiti had a bunch of leased tankers offshore with oil pushing the price to $100/barrel.
every market manipulated by traitors. There are no fundamentals. only traitors and shill contort n distort.

Awash in gasoline, US refiners export fuel at record pace

Laura Blewitt
MSN |


The U.S. has more gasoline than it knows what to do with.

Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. Typically a net importer of gasoline, the U.S. has shipped a record amount of the motor fuel abroad and doesn’t show signs of stopping.

“Exports will have to be high to keep stocks under control,” Robert Campbell, head of oil products research at market consultant Energy Aspects Ltd. in New York, said in an e-mail. “Runs should be quite high on the U.S. Gulf Coast in the coming weeks.”

The abundance of gasoline pushed Gulf Coast gasoline prices to an eight-month low last week and spurred the longest losing streak since 2012 in futures, making U.S. gasoline an affordable buy. That has triggered some some unusual moves by refiners and traders.

Out to Sea

Independent refiner Valero Energy Corp. shipped excess supplies to Canada instead of Colombia and Phillips 66 sent the first gasoline shipment in 16 months to Egypt, according to shipping data and people familiar with the transactions. Oil trader Mercuria Energy Group is said to be storing a 60,000-ton parcel of gasoline blending components produced in India at an offshore site in the Bahamas.
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