West Coast cracking margins up on Torrance blast

摘要

New York-Refinery profit margins on the US West Coast have spiked over the past week as a Los Angeles-area explosion and an ongoing strike by refinery workers has taken almost 25% of the region’s gasoline-making capacity offline, Platts data showed Tuesday. Cracking margin netbacks for West Coast refiners running local Kern River crude were $31.75/barrel on Monday, up from $18.96/b prior to last Wednesday’s explo- sion at ExxonMobil’s 149,500 b/d refinery in Torrance.