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Healthcare

Refiner PBF Energy operating at minimum rates on COVID-19 impact

March 30 (Reuters) - PBF Energy Inc on Monday said it was operating its refineries at minimum rates, with throughput about 30% lower than the refiner’s expectations, as the coronavirus outbreak has limited travel and fuel demand.

The company withdrew its throughput outlook for the first quarter and 2020, and said it was suspending its quarterly dividend of $0.30 per share. (Reporting by Shanti S Nair in Bengaluru; Editing by Devika Syamnath)

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