Fire Contained After Explosion Reports at Chevron’s El Segundo Refinery

Overview

• California’s governor’s office confirmed a large blaze as police and firefighters responded to reports of an explosion.
• Chevron said there were no injuries, and local officials reported no evacuations as El Segundo’s mayor said LAX was unaffected.
• The fire centered on the Isomax 7 unit, which converts distillate into jet fuel, according to reports citing two sources.
• Authorities said the cause remains under investigation with state and local agencies coordinating on safety and next steps.
• Analysts expect little impact on global oil markets but warn California gasoline prices could rise, noting the refinery supplies about one-fifth of regional motor fuel and roughly 40% of jet fuel.