Unplanned “emergency flaring” was taking place Monday morning at PBF’s 166,200 b/d Torrance, Calif., refinery, according to a regulatory filing with South Coast Air Quality Management District.
It was not immediately clear if the morning’s flare event was tied to the storm Hilary that has brought flash-flood warnings and strong winds to the West Coast. Planned flaring was previously scheduled for Sunday through Aug. 30 at the Carson section of Marathon Petroleum’s 382,000 b/d Los Angeles refinery, according to a company filing with South Coast Air Quality Management District.
At the spot market level, Los Angeles refined product implied prices were so far moving with futures.
L.A. CARBOB implied prices were down 1.43cts to $3.2689/gal at 9:18 a.m. ET.
Trade levels were pegged 46cts over NYMEX September RBOB futures, unchanged from Friday with no bids or offers yet seen.
Los Angeles CARB diesel implied prices were up .24ct to $3.3303/gal while futures premiums were indicated 20cts over NYMEX October ULSD. Bids and offers were not yet seen.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
–Reporting by Bayan Raji, [email protected]; Editing by Michael Kelly, [email protected]
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