Inform
The end of an era for Philadelphia Refinery
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Philadelphia Energy Solutions plans to shut down the Philadelphia Refinery, the US East Coast's largest, following a fire and explosion on June 21st. The site has faced headwinds in recent years, as its lack of feedstock advantage made it difficult to remain competitive in the East Coast (PADD 1) market. The shutdown is seen as boosting margins for the remaining refineries in PADD 1 following the loss of approximately 125 kb/d gasoline and 110 kb/d diesel production in the region. European refiners are also positioned to capitalize as increased imports from Europe will be needed to meet demand during summer driving season with Colonial Pipeline capacity fully utilized from the US Gulf Coast.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Macro oils short-term outlook: September 2023
Prices rose in August reflecting the tighter H2 2023 market, followed by further strengthening on the Saudi and Russia supply cut extensions
$2,000
Insight
What does a faster energy transition mean for economies by 2100?
Understanding the full economic story of the energy transition requires a view to the end of the century.
$1,150
Insight
Global steam cracker closure threat update 2025
Which steam crackers are most at risk of closure?
$4,950
