LA Diesel Basis Loses 10cts


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Los Angeles diesel basis weakened Tuesday (5/12), falling 
by 10cts to rest at a 20cts premium over June NYMEX ULSD futures, based on a 
confirmed trade.
The decline follows recent volatility in the Los Angeles middle distillate 
market, where diesel had last been seen near a 30cts premium.
Distillate fuel oil inventories in the U.S. West Coast (PADD 5) were unchanged 
at 10.1 million bbl in the week ending May 1 but were 1 million bbl lower than 
the same period last year, data from the U.S. Energy Information Administration 
(EIA) showed.

   Distillate imports fell by 15,000 bpd to 10,000 bpd during the week profiled 
and were 3,000 bpd lower than levels reported a year earlier, according to the 
EIA.




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