California diesel, jet prices rise on Chevron hydrotreater outage -trade

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:) 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.