Bloomberg News

San Francisco Diesel Weakens After Tesoro Finishes Maintenance

July 22, 2013

California-blend diesel on the spot market in San Francisco weakened versus futures as Tesoro Corp. (TSO:US) completed maintenance at the Golden Eagle refinery.

The refinery operated normally today after unscheduled maintenance last week, Tina Barbee, a San Antonio-based spokeswoman, said by e-mail. Tesoro shut a unit July 15 at the 170,000-barrel-a-day refinery in Northern California, according to a filing with Contra Costa County Health Services.

Royal Dutch Shell Plc (RDSA)’s Martinez plant in Northern California returned to normal July 19 after a unit shut July 14.

CARB diesel in San Francisco weakened by 2.38 cents to a discount of 1.38 cents a gallon below ultra-low-sulfur diesel futures on the New York Mercantile Exchange at 3:54 p.m., according to data compiled by Bloomberg.

The fuel in Los Angeles weakened by 2.75 cents to a discount of 1.5 cents a gallon to futures. Low-sulfur diesel in Portland, Oregon, strengthened by 0.5 cent to a discount of 2 cents a gallon.

California-blend diesel fuel supplies increased by 0.7 percent to 2.39 million barrels in the week ended July 12, according to the state Energy Commission.

Conventional, 84-octane gasoline in Portland slid by 9.5 cents to a discount of 5.5 cents a gallon below Nymex futures.

Shell’s 147,500-barrel-a-day Puget Sound refinery in Washington was operating as planned today, Destin Singleton, a Houston-based spokeswoman, said. The refinery shut fuel gas equipment on July 16, according to filings with the Northwest Clean Air Agency.

California-blend gasoline in San Francisco strengthened by 1 cent to a discount of 16.5 cents a barrel below futures. The fuel in Los Angeles weakened by 1.5 cents to a 10.5-cent-a-gallon discount.

To contact the reporter on this story: Dan Murtaugh in Houston at

To contact the editor responsible for this story: Bill Banker at

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