East coast refiner goes bankrupt
WebJan 22, 2024 · The owner of the largest East Coast oil-refining complex is filing for bankruptcy and blaming an Environmental Protection Agency (EPA) biofuel mandate. … 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...
East coast refiner goes bankrupt
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WebJan 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. 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 · Big East Coast Refiner Files for Bankruptcy, Blaming Regulation Philadelphia Energy, which agreed to a chapter 11 plan with its top lenders, hopes to gain judicial approval for its reorganization... 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 …
WebJan 23, 2024 · The biggest refiner on the East Coast, with liabilities of about $10 billion, just filed for bankrupting, citing costly Bush-era EPA regulations and dwindling margins. Is this the first in a string of refiners that will be unable to make it in the new renewable world? What does this mean for the ... 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 …
WebJan 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 Saudi oil embargo. It’s faced more ...
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. ts new proxyWebFeb 18, 2024 · The short answer is that those who do business with a bankrupt precious metals refinery (or so-called “precious metals refinery”) may themselves be subjected to … ts new set 类型WebJan 22, 2024 · After nearly 150 years in business, the biggest oil refinery east of the Mississippi River has operated through the Great Depression, two world wars and the 1970s Saudi oil embargo. It’s faced more than one shutdown. Now, its owner says a 13-year-old government biofuels mandate brought the Philadelphia fixture to its knees. tsnews.tvWebJan 23, 2024 · Its owner says a 13-year-old government biofuels mandate brought the Philadelphia fixture to its knees. ts new registrationWebLargest 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 … phineas and ferb agent dogWebFeb 18, 2024 · The short answer is that we don’t know. This is why it is may be desirable to ship to a company, like Pease & Curren, that has no exposure to the Republic bankruptcy. With amounts as large as what Geib (sued for over $8 million) and Mid-States (sued for over $4.5 million) have at risk, one wonders. The companies are defending the lawsuits and ... ts new prcWebJan 22, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on "broken" ts new regexp