Valero’s Port Arthur plant boosted equipment to planned rates following a power interruption, said Bill Day, a San Antonio-based company spokesman, who didn’t specify which units were involved. A 57,000-barrel-a-day hydrocracker is still shut for compressor repairs, he said in an e-mail today.
Phillips 66 yesterday completed maintenance on the No. 40 fluid catalytic converter’s wet gas compressor at the Borger refinery. The work was expected to last from March 4 to March 11, according to a filing with the Texas Commission on Environmental Quality.
Conventional, 87-octane gasoline on the Gulf weakened 0.62 cent to a discount of 19.25 cents a gallon below futures traded on the New York Mercantile Exchange at 1:52 p.m. Reformulated gasoline, or RBOB, slid 0.5 cent to a discount of 16.25 cents a gallon. Ultra-low-sulfur diesel was at a 6-cent premium to heating oil futures after falling 1.5 cents.
The 3-2-1 crack spread on the Gulf, a measure of refining profitability for gasoline and diesel fuel based on West Texas Intermediate in Cushing, Oklahoma, slipped $1.02 to $31.21 a barrel. The same spread for Light Louisiana Sweet oil dropped $1.73 to $10.71 a barrel.
The Borger and Port Arthur refineries have a combined capacity of 456,000 barrels per day, according to data compiled by Bloomberg.
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