East coast refiner goes bankrupt
WebDec 22, 2008 · Over the past four weeks, refiners in the Rockies saw average gross margins of $8.46 per barrel, while West Coast refiners pulled in $13.26 per barrel, according to a research note from Credit Suisse. WebJan 22, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on “broken” environmental rules. Philadelphia …
East coast refiner goes bankrupt
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WebJan 25, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on “broken” environmental rules. Philadelphia Energy Solutions said it went bankrupt because of “skyrocketing costs” to comply with the EPA’s Renewable Fuel Standard. The rule... WebThe largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on “broken” environmental rules. ...
WebJan 22, 2024 · Jan. 22, 2024. Philadelphia Energy Solutions LLC, owner of an oil refinery that supplies more than a quarter of the U.S. east coast's crude refining capacity, filed for bankruptcy with a plan that ...
WebJul 14, 2024 · The refinery sought bankruptcy “due to severe regulatory and financial constraints” that forced it to suspend its refinery operations indefinitely, and has lined up as much as $25 million of so-called debtor-in-possession financing that will help it maintain the refinery through the Chapter 11 process, according to the statement. WebJun 21, 2024 · Gasoline futures jumped more than 3% after blasts at a Philadelphia refining complex, which represents 27% of East Coast refining capacity. The impact on drivers is expected to be modest, unless ...
WebJan 24, 2024 · After nearly 150 years in business, the biggest oil refinery along the U.S. East Coast has operated through the Great Depression, two world wars and the 1970s …
WebFeb 12, 2024 · PES, which exited bankruptcy in August, saw its cash balance fall to $87.7 million at the end of 2024, down from $148 million just three months earlier, a $61 million … list of all zaron makeup productWebJan 24, 2024 · The end of the U.S. crude export ban in late 2015 and the start of the Dakota Access pipeline last year forced East Coast refiners to turn back to more expensive imports. list of all zane grey booksWebJun 26, 2024 · June 26, 2024 3:17 pm ET. Text. The Philadelphia Energy Solutions refinery, the largest and oldest refinery on the East Coast, is shutting down and will be put up for sale, the company’s chief ... list of all yugioh booster packsWebSep 9, 2024 · Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant's closure and before the company filed for bankruptcy a few weeks later, court documents show. PES announced plans to permanently shut its refinery following the June 21 explosive blaze … images of malcolm xWebJan 22, 2024 · After nearly 150 years in business, the biggest oil refinery along the U.S. East Coast has operated through the Great Depression, two world wars and the 1970s … images of mal descendants 1WebMar 12, 2024 · The end of the united state crude export restriction in late 2015 as well as the begin of the Dakota Access pipe in 2014 required East Coast refiners to reverse to a lot more pricey imports. The refinery, a 1,300-acre system near midtown Philadelphia, will certainly maintain operating as well as there will certainly be no influence on tasks ... list of all yugioh god cardsWebLargest East Coast oil refinery goes bankrupt, blaming 'broken' EPA rules Philadelphia Energy, which agreed to a chapter 11 plan with its top lenders, hopes to gain judicial … images of malcolm x daughters