Advertisement
UK markets open in 5 hours 44 minutes

  • NIKKEI 225

    37,291.43
    -788.27 (-2.07%)
     

  • HANG SENG

    16,385.87
    0.00 (0.00%)
     

  • CRUDE OIL

    83.73
    +1.00 (+1.21%)
     

  • GOLD FUTURES

    2,397.60
    -0.40 (-0.02%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    50,084.00
    +491.20 (+0.99%)
     

  • CMC Crypto 200

    1,298.72
    +413.19 (+46.00%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

US WCoast Products -Gasoline climbs on refinery upsets

Reuters - UK Focus

HOUSTON, Feb 18 (Reuters) - California gasoline jumped 4 cents a gallon in the Los Angeles wholesale market on Tuesday after California refineries reported malfunctions over the Presidents Day weekend, traders said.

February-delivery CARBOB gasoline traded at 4 cents a gallon over March NYMEX RBOB gasoline in Los Angeles.

Phillips 66 (NYSE: PSX - news) 's refinery in Rodeo, California, was back to normal operation on Tuesday after a malfunction over the weekend, a company spokesman said.

A Valero spokesman declined on Tuesday to discuss operations at the company's 132,000 barrel per day (bpd) Benicia, California, refinery, which reported flaring over the weekend. The refinery has begun planned maintenance, traders said.

ADVERTISEMENT

Exxon Mobil Corp said production at its 149,500 bpd Torrance, California, refinery was not affected by maintenance being done currently.

Royal Dutch Shell Plc (Xetra: R6C1.DE - news) restarted a unit last week at its 156,400 bpd Martinez, California, refinery.

February CARBOB also climbed in the San Francisco Bay market to 5 cents a gallon over March NYMEX RBOB.

CARBOB gasoline is mandated by the California Air Resources Board (CARB) for use in the state and meets more stringent anti-pollution standards than the gasoline required by the U.S. Environmental Protection Agency in most of the country. CARBOB is made to blend with ethanol.

EPA gasoline retreated in the Portland, Oregon, market by 3 cents a gallon to 18 cents a gallon under March NYMEX RBOB.

February CARB diesel rose 1 cent to 1 cent a gallon under March NYMEX heating oil in Los Angeles.

Bay-market February CARB diesel was unchanged at a 7 cent discount to March heating oil.

CARB also requires a state-specific, ultra-low-sulfur diesel with a more stringent formula than EPA diesel.

EPA diesel in Portland remained at 8 cents a gallon under March NYMEX heating oil.

February L.A. jet fuel continued at 13 cents a gallon under March heating oil. (Reporting by Erwin Seba; Editing by Peter Galloway)