(Oil Topic) OPIS alert: Major allocations for Northwest.

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***EQUILON KICKS OFF ALLOCATION IN PACIFIC NORTHWEST Effective today, Equilon will allocate gasoline for branded customers at Pacific Northwest terminals until further notice. The allocation will affect Eugene and Portland, Ore., as well as Tumwater, Pasco, and Seattle, Wash. Weekly purchases for wholesale customers will consist of 110% of Feb. 2000 average weekly volume by terminal, plus an amount for each Shell or Texaco branded location to be supplied that was not supplied in February. Equilon says it will adjust the allocation if necessary. Some see the allocation as a response to Equilon's extended turnaround at the 147,500 b/d Anacortes, Wash. refinery. The turnaround was expected to be completed by early March but completion is now slated for mid to late March, according to sources. Tosco's Ferndale refinery is also still not back from turnaround but should resume full operation by next early next week, sources said. Pacific Northwest gasoline supplies are still seen as tight, at least in the short term. At presstime, Pacific Northwest spot market gasoline was done at $1.09. Buying interest is still steady for L.A. gasoline as well, with last deals done in a $1.23-$1.25 range for 3rd cycle material and $113.5-$1.14 done for April. - Mary Welge mwelge@opisnet.com

-- Wine-O (123@4.com), March 09, 2000

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