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Storm Moves In Forcing Refineries to Scale Back Production
Refineries including the 285,000 barrel per day New Jersey plant and Philadelphia Energy Solutions are cutting output as the storm approaches. Major Northeast facilities run at reduced capacity with concerns over prolonged shutdowns and potential gasoline shortages. Crude prices slipped about 1 percent while gasoline futures edged higher on fears of supply disruption.
MENTIONED IN THIS ARTICLE
Eeeie 66
N.J
Northeast
Philadelphia Energy Solutions
Phil Flynn
Price Futures Group
Tom Kloza
Oil Price Information Services
New York Mercantile Exchange
Nymex
New York
Cherice Corley
Sakhir
Bahrain
U.S