Report indicates Delaware City refinery will run at reduced level


Reuters is reporting that the PBF Energy refinery in Delaware City will run at a reduced level due as repairs are made to a key unit.

The news service, citing an unnamed source,  said the coking unit at the refinery will shut down for five weeks to repair a crack.

Such repairs require the refinery to run below capacity during the repair period.

“We treat operations at our refineries as business confidential information,” said  PBF spokesman Michael Karlovich.  Refiners are often reluctant to comment on production issues that do not affect areas outside their sites.

Oil prices could gyrate as a powerful hurricane approaches the Texas Gulf Coast, a center for the refining industry.

Refineries on the East Coast have been running relatively smoothly during the summer driving season. That has helped hold down increases in gas prices. Overall, the price at the pump is up modestly from a year ago.

The half-century-old  Delaware City refinery was the first acquisition made by PBF when the company was launched less than a decade ago. The refinery had been shut down by Valero and was scheduled for demolition.

PBF has since grown to five refineries on the East Coast, West Coast, Midwest and Gulf Coast.

Shares of PBF were up 1.75 percent on Thursday.

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