NEW YORK, Sept 28 (Reuters) - California refined products
prices on Monday retreated from the high levels hit on Friday
after a fire in a coking unit at Tesoro Corp's Los
Angeles-area refinery in Wilmington, California, traders said.
Unleaded ethanol-blend CARBOB gasoline for October delivery traded at 24 cents over the New York Mercantile Exchange's November RBOB gasoline contract and was pegged at a bid/offer spread of 24/26 cents over later.
That was after it finished at 41 cents over on Friday on news of the Tesoro fire and after ending Thursday at 20 cents over November RBOB.
Sources said that Tesoro was not seen out buying heavily and that the company's ability to bring barrels down from San Francisco were factors helping bring the market back nearly to where differentials were before Friday's fire.
A Tesoro spokesperson on Monday told Reuters that the company had no update on the situation at the
100,000-barrel-per
day refinery.
On Friday, Tesoro said other units at the Wilmington refinery were operating at reduced rates following the coker unit fire.
Chevron Corp said on Monday that a gasoil hydrotreater at its 245,271 barrel-per-day San Francisco-area refinery in Richmond, California, is operating normally after a fire last week.
The unit was shut after a fire on Thursday night and restarted on Sunday, said Chevron spokesman Brent Tippen.
In the San Francisco Bay market, October CARBOB gasoline was pegged at 20 cents over November RBOB. down after spiking to 36 cents over on Friday amid the fire news.
In L.A., distillate fuels also receded after Friday's spike on the fires. Ultra-low sulfur diesel in L.A. was pegged at 5 cents over over November NYMEX heating oil, down from 9 cents over on Friday, while CARBOB diesel traded at 6 cents over November NYMEX heating oil, down from 10 cents over.
Jet fuel in L.A. finished at 6.5 cents over, slumping after surging to an 11.5-cent premium on Friday.
In the Portland, Oregon, market, unleaded gasoline was pegged at a bid/offer spread of 3/7 cents per gallon over NYMEX RBOB gasoline and diesel was at 4 cents over NYMEX heating oil.
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(Reporting by Robert Gibbons; Editing by Christian Wiessner)
((robert.gibbons@thomsonreuters.com; + 1 646 223 6059; Reuters Messaging: robert.gibbons.reuters.com@reuters.net)) Keywords: MARKETS PRODUCTS WESTCOAST (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Unleaded ethanol-blend CARBOB gasoline for October delivery traded at 24 cents over the New York Mercantile Exchange's November RBOB gasoline contract and was pegged at a bid/offer spread of 24/26 cents over later.
That was after it finished at 41 cents over on Friday on news of the Tesoro fire and after ending Thursday at 20 cents over November RBOB.
Sources said that Tesoro was not seen out buying heavily and that the company's ability to bring barrels down from San Francisco were factors helping bring the market back nearly to where differentials were before Friday's fire.
A Tesoro spokesperson on Monday told Reuters that the company had no update on the situation at the
100,000-barrel-per
day refinery.
On Friday, Tesoro said other units at the Wilmington refinery were operating at reduced rates following the coker unit fire.
Chevron Corp said on Monday that a gasoil hydrotreater at its 245,271 barrel-per-day San Francisco-area refinery in Richmond, California, is operating normally after a fire last week.
The unit was shut after a fire on Thursday night and restarted on Sunday, said Chevron spokesman Brent Tippen.
In the San Francisco Bay market, October CARBOB gasoline was pegged at 20 cents over November RBOB. down after spiking to 36 cents over on Friday amid the fire news.
In L.A., distillate fuels also receded after Friday's spike on the fires. Ultra-low sulfur diesel in L.A. was pegged at 5 cents over over November NYMEX heating oil, down from 9 cents over on Friday, while CARBOB diesel traded at 6 cents over November NYMEX heating oil, down from 10 cents over.
Jet fuel in L.A. finished at 6.5 cents over, slumping after surging to an 11.5-cent premium on Friday.
In the Portland, Oregon, market, unleaded gasoline was pegged at a bid/offer spread of 3/7 cents per gallon over NYMEX RBOB gasoline and diesel was at 4 cents over NYMEX heating oil.
* * * * For price chains double-click on: * * * *
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...... headlines
... OPEC North Sea
.... crude oil oil products
News by topic .... derivatives
shipping news ++++++++++++++For market news, double click on- +++++++++++++
.... Energy market reports index
... Latest crude European Crude
.. European products
.... Latest IPE Latest NYMEX
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(Reporting by Robert Gibbons; Editing by Christian Wiessner)
((robert.gibbons@thomsonreuters.com; + 1 646 223 6059; Reuters Messaging: robert.gibbons.reuters.com@reuters.net)) Keywords: MARKETS PRODUCTS WESTCOAST (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.