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Tag Archives: PBF Energy

Power restored to tens of thousands in Los Angeles County

power outage, Los Angeles

LOS ANGELES (AP) — Power was restored to tens of thousands of customers following an outage early Tuesday across several communities in Los Angeles County that briefly knocked a major oil refinery offline, officials said. The cause of the Southern California Edison power loss in Hermosa Beach, Redondo Beach, Hawthorne, Gardena and Torrance was under investigation. The refinery operated by ...

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Officials: worker burned at Delaware City refinery

DELAWARE CITY, Del. — Delaware authorities say a worker was burned at a refinery in Delaware City. New Castle County Paramedics said in a statement that they were called Sunday evening to the Delaware City Refinery Company for a report of an injured worker. Paramedics say when they arrived they found a 62-year-old man with burns on his face and ...

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U.S. approves landmark crude oil export swaps with Mexico

WASHINGTON – The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone in loosening a contentious ban on exporting domestic oil. The Commerce Department is “acting favorably on a number of applications” to export U.S. crude in exchange for imported Mexican oil, the official said. ...

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From the East Coast, Bakken Oil’s outlook not so bad

PHILADELPHIA, Pennsylvania — Doom and gloom over production declines, and a rapid decline in oil-field jobs has many people worried in North Dakota, but the outlook sketched in by analysts and energy leaders in Denver, Colorado, at the recent DUG Bakken/Niobrara Conference sponsored by Houston-based Hart Energy, presented a different picture. “Keep Calm and Drill On,” the slogan emblazoned on ...

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U.S. oil railcar market collapses as foreign crude makes comeback

NEW YORK – A years-long bidding war for trains to haul crude oil across North America has abruptly ended, with more than a dozen mile-long unit trains now parked in Midwest stockyards and tank car lease rates halving from last summer’s peaks. While overall oil-train traffic remains near record highs, the shadowy industry that deals in the specialized 87-tonne crude ...

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Mexico’s light crude, shunned for U.S. shale, sails east

NEW YORK – Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. Delta Air Lines-owned Monroe Energy received nearly 500,000 barrels of light-sour Mexican crude in September and a ...

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U.S. merchant refiners take oil trading back in-house

NEW YORK, Oct 9 – Independent U.S. refiners are taking back control of their crude supplies just a few years after outsourcing trading to Wall Street banks and bigger companies, hoping to capture more profit from a global market in flux. After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group ...

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