Read
- Russia gives Snowden asylum, Obama-Putin summit in doubt
|
- After Snowden, no business as usual for U.S. and Russia
- Russia gives Snowden asylum, Obama-Putin summit in doubt
|
- U.S. shutdown battle begins as Republicans kill spending measure
- Dell shareholders convene a third time as buyout battle escalates
Sponsored Links
PBF Energy expects crude-by-rail to be long-term trend
HOUSTON |
HOUSTON Feb 21 (Reuters) - PBF Energy Inc expects crude-by-rail to be a "very, very long term trend," particularly movement of heavy Canadian crude. Chairman Tom O'Malley told analysts on Thursday.
"That is something that is, you know, around for the next decade," O'Malley said.
The company, which runs three U.S. refineries - two on the East Coast and one in Ohio - also is positioning itself to discharge crude and condensate produced in Ohio's Utica shale oil play, via rail and truck when the output becomes available, Chief Executive Tom Nimbley said.
Some analysts have questioned growing investments in crude by rail, as numerous pipeline projects seek to move inland U.S. and Canadian crude production to refining markets.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters