Alaska North Slope Strengthens With West Coast Work Seen Delayed

Photo Credit: Paxson Woelber/flickrAlaska North Slope crude strengthened to a three-month high after a report that Chevron Corp. (CVX) plans to delay maintenance at its El Segundo, California, complex, the largest single refinery on the U.S. West Coast.

Chevron will push work on a crude unit and coker back to late April from January, according to a person familiar with the schedule who asked not to be identified because the information isn’t public.

ANS, a medium, sour crude used by refiners on the U.S. West Coast, increased $1.75 to $7.50 a barrel over West Texas Intermediate at 2:05 p.m. New York time, according to data compiled by Bloomberg. It was the grade’s largest premium since July 12.

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