XOM Exxon Mobil Corp

ExxonMobil Corp.'s 584,000 b/d Baytown, Texas, refinery experienced an operational issue on Thursday, a company official told OPIS.

"We had an operational issue with one of our units at the Baytown complex and are working to resolve it," a spokesman said. "There is minimal impact to production, and we expect to meet our contractual commitments."

Multiple sources told OPIS the facility's 90,000 b/d fluid catalytic cracker was experiencing problems.

Reports of the issue strengthened U.S. Gulf Coast CBOB differentials Thursday afternoon. After Cycle 36 supplies reportedly traded at a 33.5ct discount to the NYMEX July RBOB contract in the morning session, a later deal was reported at 31cts below the screen. Implied prices were up about 10cts to $2.3408/gal at about 1:55 p.m. ET.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Andrew Atwal, aatwal@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com

(END) Dow Jones Newswires

June 15, 2023 15:27 ET (19:27 GMT)

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