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Several federal, state and local authorities voiced their frustrations looming around PBF Energy's Martinez, Calif., refinery fire in a joint statement Tuesday, as officials called for reparations and "more aggressive oversight" into the Northern California producer's operations.
The company notified state agencies of a "leak of hydrocarbon material" that subsequently caught fire during maintenance preparations Saturday, incident filings show.
"Upon opening the equipment, the workers encountered a leak of hydrocarbon material," PBF said in its response update. "The workers immediately evacuated the area, and the material subsequently caught fire. Both of those workers were transported offsite for medical evaluation and released. The fire then spread within the immediate vicinity."
The incident resulted in six injured individuals and triggered a health advisory for residents in the area surrounding the refinery.
"The Martinez Refinery has a history of concerns regarding safety, and last week we saw the results. While we are still gathering information about the cause of this fire, what we do know is that this disaster reflects poor leadership and a lack of standards from the Martinez Refining Company," said U.S. Rep. John Garamendi. "Our community deserves answers and I will continue to work with our local leaders to get those answers and hold the Martinez Refining Company responsible."
Rep. Mark DeSaulnier echoed those remarks, emphasizing the need for increased government regulation into refinery operations. "Having had 30 years of dealing with the oil industry, it is past time for every federal, state, and local regulatory agency with jurisdiction over the Martinez Refining Company to act aggressively with all the statutory authority they have to hold the refinery accountable," said DeSaulnier. "I am working with Congressman Garamendi to ensure this happens. Without more aggressive oversight it is not a question of whether deaths will occur, but when given the company's disregard for safety."
Sen. Tim Grayson ensured a transparent and accurate investigation into events leading up to the fire, citing the "central priority" lays with the safety of the community and its workers. "This most recent incident, just one in a long string of issues, highlights the need to keep the people of Martinez, and the entire County, safe," said Martinez mayor Brianne Zorn. "We will work with the County to hold the refinery to a higher standard for their workers' safety and also to reduce the health risk the refinery continues to pose to our community."
Contra Costa County Supervisor Shanelle Scales-Preston reflected on previous significant incidents the refinery has experienced in recent years, ordering a full audit into the facility's day-to-day operations. "This is the third major incident since PBF Energy purchased the refinery in 2020 and many more spills and releases have occurred since then. This is not acceptable, and I am working to get answers for our community," Scales-Preston stated. "Currently, the County, and other regulatory agencies, will conduct an independent investigation into what caused the fire, what violations may have occurred, what potential environmental hazards linger, and what are necessary improvements needed to ensure public and worker safety and health." "In addition, I am requesting a Full Facility Audit under the provisions of the County's Industrial Safety Ordinance," Scales-Preston added.
The California department of OSHA has also opened an investigation into the incident, OPIS previously reported.
"At this time, we are unable to provide further details as it is an active investigation," Cal/OSHA stated.
The agency has up to six months to issue citations for any violations related to the incident, and inspections typically take about four months to complete, the statement said.
The Bay Area Air District Tuesday released two violation notices following the incident, saying "odor" and "visible emissions" plumed into the atmosphere from the facility's CP catalytic feed hydrotreater.
The equipment fire also warranted an additional violation notice for exceeding emission and fallout standards, the document states.
The agency filed the report on the grounds of "public nuisance, excessive smoke and soot fallout" and is continuing to investigate Tuesday.
PBF last month said it was planning 55-65 days of turnaround work at the refinery during the first half of 2025, the OPIS Refinery Maintenance Report previously reported. The work was expected to involve a fluid catalytic cracker, an alkylation unit and an FCC hydrotreater.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
Lumber futures traded at $570 per thousand board feet, retreating from the highest level since October 2022, following Prime Minister Trudeau's confirmation that U.S. tariffs on Canadian goods would be suspended for at least 30 days.
This delay eased immediate concerns over potential trade disruptions to Canada, a key supplier of wood to the U.S., which provided around 30% of the lumber used in the country last year.
The 25% tariff on Canadian goods, including wood, compounds the existing anti-dumping duties of 14.5%, putting further strain on domestic production capacity.
Meanwhile, growing confidence that the Federal Reserve will implement multiple rate cuts this year helped drive benchmark mortgage rates below 7%, offering some relief to construction demand.
The following is a range of analysts' estimates of export sales for the week ended Jan. 30. The estimates and prior week's actual figures encompass combined sales for all marketing years, unless indicated.
Units are in thousand metric tons. Parentheses indicate a negative number.
The export sales report is scheduled to be released at 8:30 a.m. EST Thursday in Washington. Actual figures are subject to revision by the USDA.
Estimates Actuals
Jan 30 Jan 23 Jan 16
Wheat 200-550 480.3 215.6
Corn 850-1500 1404.3 1670.2
Soybeans 300-1100 442.5 1492.7
Soymeal 200-450 410.3 210.2
Soyoil (15)-24 12.5 2.9
Write to Kirk Maltais at kirk.maltais@wsj.com
Cocoa decreased to a 4-week low of 10435.00 USD/T. Over the past 4 weeks, Cocoa lost 6.55%, and in the last 12 months, it increased 100.26%.
Battery / EV Metals Price
BMI Lithium Carbonate, EXW China, >=99.2% Li2CO3 10,700
BMI Lithium Hydroxide, EXW China, >=56.5% LiOH 9,625
BMI Cobalt Sulphate, EXW China, >20.5% Co 3,554
BMI Nickel Sulphate, EXW China, >22% Ni 3,583
BMI Flake Graphite, FOB China, -100 Mesh, 94-95% C 435
Source: Benchmark Mineral Intelligence
Note: Prices are mid-prices and quoted in dollars per metric ton. Lithium Carbonate, Lithium Hydroxide and Cobalt Sulphate prices are updated weekly; Nickel Sulphate prices are updated every other week; Flake Graphite prices are updated monthly.
Base metal prices are mixed, with LME three-month copper up 0.6% at $9,231.70 a metric ton and LME three-month aluminum down 0.2% at $2,623 a ton. Copper and aluminum both remain up 2.5% and 1.9% on-week, respectively. Prices fell sharply on Monday due to tariff risks, before recovering following a one-month delay to U.S. tariffs on Canada and Mexico. The metals market has generally performed well in the year-to-date, and overall the direction of travel remains to the upside, Saxo's Ole Hansen says in a note. Rising geopolitical tensions have prompted a surge in military expenditures, including stockpiling of critical raw materials like copper, aluminum and nickel, Hansen writes. Given the complex and often vulnerable supply chain, nations are securing increasingly long-term supply contracts and diversifying sources, reinforcing metal demand, he adds. (joseph.hoppe@wsj.com)
WINNIPEG, Manitoba--The ICE Futures canola market was weaker at midday Wednesday, taking back Tuesday's gains as losses in outside markets weighed on values.
Sharp declines in crude oil spilled into world vegetable oil markets on Wednesday, with Chicago soyoil, European rapeseed and Malaysian palm oil all lower.
The temporary pause on tariff threats from the United States remained somewhat supportive, although the likelihood of continued chaos from the Trump administration kept some caution in all markets.
Solid end user demand and tightening supply projections provided underlying support for canola, with values also holding above most major moving averages from a chart standpoint.
An estimated 19,500 canola contracts traded as of 11:53 ET.
Prices in Canadian dollars per metric tonne at 11:53 ET:
Price Change
Mar 637.60 dn 9.60
May 645.50 dn 9.00
Jul 650.50 dn 8.60
Nov 636.30 dn 6.70
Source: Commodity News Service Canada, news@marketsfarm.com
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