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http://www.businessweek.com/news/2012-11-20/gulf-gasoline-rises-as-phillips-66-extends-borger-refinery-work

Bloomberg News

Gulf Gasoline Rises as Phillips 66 Extends Borger Refinery Work

November 20, 2012

Gasoline advanced in the Gulf Coast as Phillips 66 (PSX:US) extended maintenance at its Borger refinery in Texas and Motiva Enterprises LLC said it expects to start a crude unit at its Port Arthur plant in early December.

Phillips 66’s 146,000-barrel-a-day Borger refinery planned to shut two fluid catalytic cracking units for maintenance expected to last until today, the company said in a regulatory filing Sept. 24. The plant may start up this weekend, the company said.

The work has been delayed at least a week because repairs were more difficult than anticipated, according to a person with knowledge of the situation.

Motiva’s Port Arthur, Texas, facility, which has the capacity to process 600,000 barrels a day, expects to start a crude unit in early December, the company said today. The unit shut in early June after a small fire, according to people familiar with the situation.

Conventional 87-octane gasoline in the Gulf Coast strengthened 0.50 cent to a discount of 12.25 cents a gallon versus futures on the New York Mercantile Exchange at 1:59 p.m. Reformulated gasoline was unchanged at 11.50 cents under futures. Diesel fuel in the region gained 0.35 cent to 1.5 cents a gallon over heating oil futures.

To contact the reporter on this story: Christine Harvey in New York at charvey32@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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