In a recent deal 15,000 barrels of San Joaquin Valley Light crude was done on Wednesday at 30 cents a barrel over Buena Vista crude postings. The cost was adjusted because of the higher then usual API Gravity and will be delivered this February
Alaska North Slope crude remains assessed at a discount of $1.70 a barrel under front month Nymex crude for February delivery on the West Coast or Hawaii. But a prompt partial cargo of 200,000 barrels shipped 1/15/2007 at a discount of $1.65 for delivery to a major refinery on the West Coast.

The premium for San Joaquin Valley light blend crude, on a CIF Los Angeles basis, is notionally assessed at $1.50 a barrel over Buena Vista crude posting, down 10 cents a barrel and adjusted for API gravity for delivery in February.

Line 63 is notionally assessed 30 cents a barrel under SJVLB.

February delivery of San Joaquin Valley heavy crude is notionally assessed at a discount of 30 cents under Midway Sunset crude field postings.

The spot market for THUMS crude is notionally assessed at a premium of 50 cents a barrel over Wilmington equivalent posting for delivery in the Los Angeles basin during February.

Differentials for February imports of Oriente and Napo crude, from Ecuador, continue to be assessed at minus $8.75 and minus $13.75, respectively, under West Texas Intermediate crude for delivery on a CIF basis West Coast basis.

The January gross profit margin, for Los Angeles basin refiners running ANS crude and selling carbob gasoline, rose a scant 43 cents a barrel to a minus 10 cents a barrel. But the assessment for February is $15.94 a barrel, down a scant 32 cents.