California diesel, jet prices rise on Chevron hydrotreater outage -trade
Reuters
Published Mar 25, 2022 06:22PM ET
HOUSTON (Reuters) - California diesel prices climbed 52.5 cents a gallon this week in the San Francisco Bay market because of a hydrotreater outage at Chevron (NYSE:CVX) Corp’s Richmond, California, refinery, said West Coast market traders.
Jet prices in the San Francisco and Los Angeles wholesale markets have climbed 45 cents since Wednesday because of the jet fuel hydrotreater shutdown at the 245,271 barrel-per-day (bpd) Richmond refinery, the traders said.
A Chevron spokesman did not immediately reply to a request for comment.
Union workers at the Richmond refinery were pulled from their jobs on Sunday, hours ahead of the start of a strike called by the United Steelworker union (USW). Supervisors, managers and engineers have been operating the refinery since then.
The 59,000-bpd jet fuel hydrotreater shut down on Monday, the sources said. The hydrotreater removes sulfur from jet fuel in compliance with U.S. environmental rules.
The traders said the outage came at a time the supply of diesels and jet fuel was already tight on the West Coast with new cargoes not expected to arrive from Asia for at least two weeks.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.