News: PBF Energy Inc (PBF.N)

PBF.N on New York Stock Exchange

22.50USD
1 Aug 2013
Price Change (% chg)

$-0.39 (-1.70%)
Prev Close
$22.89
Open
$23.50
Day's High
$24.00
Day's Low
$21.80
Volume
239,848
Avg. Vol
290,291
52-wk High
$42.50
52-wk Low
$21.21

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Thu, Aug 1 2013

UPDATE 2-U.S. refiners expect margins to recover if crude discounts widen

* Marathon Petroleum, Western Refining and PBF Energy see margins shrink

PBF Energy says can't absorb rising RIN costs, consumers to pay

HOUSTON, Aug 1 - Independent U.S. refiner PBF Energy's costs of ethanol credits, or RINs, more than doubled in the second quarter and consumers are starting to see those costs at the pump because the industry cannot absorb them, Chairman Tom O'Malley told analysts on Thursday.

UPDATE 1-Renewable fuel credits take bite out of PBF Energy earnings

* PBF now budgets $160 million for RINs in 2013, up from $60 million

Renewable fuel credits take bite out of PBF Energy earnings

NEW YORK, May 2 - Refining company PBF Energy said Thursday the rising price of renewable identification numbers (RINs) took a bite out of first-quarter earnings and it would blend more ethanol into its gasoline output in the second half to offset the cost.

Refiner PBF inks Bakken crude supply deal with Continental

NEW YORK, April 10 - PBF Energy Inc has inked a deal to take Bakken shale crude produced by Continental Resources to its Delaware City refinery, the latest step by East Coast refiners to leverage the benefits of the U.S. oil boom to struggling plants. Volumes of how much Bakken crude PBF would buy from Continental through the deal, which was announced in a press statement released on Wednesday, were not immediately available. PBF Energy in February announced the completion of

UPDATE 2-PBF Energy expects crude by rail to be long-term trend

HOUSTON, Feb 21 - PBF Energy Inc expects crude by rail to be a "very, very long-term trend," particularly the movement of Canadian heavy crude, Chairman Tom O'Malley told analysts on Thursday.

PBF Energy expects crude-by-rail to be long-term trend

HOUSTON, Feb 21 - 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.

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