U.S. Gulf Coast gasoline climbed for a second day after a unit upset at Total SA’s Port Arthur, Texas, refinery signaled a slowdown in production.
The following is a selection of the most important news affecting the oil market.
Gasoline strengthened on the U.S. Gulf Coast after a fire broke out today at Motiva Enterprises LLC’s new 325,000-barrel-a-day crude unit in Port Arthur, Texas.
Motiva Enterprises LLC’s Port Arthur, Texas, refinery will operate four hydrotreaters and three lube units at reduced rates while a sulfur recovery unit remains shut for repairs, according to a person familiar with operations.
Gasoline futures rose as the largest oil refinery in the U.S. carried out maintenance, threatening to curtail supplies.