Los Angeles Diesel Gains to Three-Week High After Supplies Slide
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Spot diesel in Los Angeles advanced to the highest level against futures in more than three weeks after stockpiles of the fuel tumbled to the lowest level for this time of year since 2006.
California-grade, or CARB, diesel supplies slid 21 percent in the seven days ended July 26 to 1.95 million barrels, the lowest level in three months, the state Energy Commission said yesterday. Chevron Corp.’s El Segundo refinery was scheduled to shut the No. 2 crude unit this month for a full turnaround that will last several weeks, a person familiar with the work said June 13.