Top News & Analysis Philadelphia

  • The $130 million capital project, once hailed as one of the largest in the history of the plant, was slated for the Girard Point section of the 335,000 barrel-per-day refinery complex and scaled back due to lack of money, the sources said. Philadelphia Mayor Jim Kenney confirmed that on Wednesday. It is definitely a concern and I would expect investigators to look...

  • *U.S.- Iran tensions underpin prices. Brent crude futures rose $1.61, or 2.5%, to $66.66 a barrel by 11:06 a.m. EDT. That was the most since September 2016, according to the statistical arm of the Department of Energy.

  • PHILADELPHIA, June 26- Philadelphia Energy Solutions will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the mayor confirmed on Tuesday after two sources told Reuters about the plans. I spoke with the CEO and leadership of Philadelphia Energy Solutions this morning and can confirm that PES...

  • PHILADELPHIA, June 26- Philadelphia Energy Solutions is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar with the plans said on Tuesday. Shutting the refinery, the largest and oldest on the U.S. East Coast, would cost hundreds of jobs and squeeze gasoline supplies...

  • EXCLUSIVE- PHILADELPHIA ENERGY SOLUTIONS EXPECTED TO LAY OFF SIGNIFICANT NUMBER OF UNION WORKERS AS EARLY AS WEDNESDAY- SOURCES.

  • EXCLUSIVE- PHILADELPHIA ENERGY SOLUTIONS TO SEEK CLOSURE OF 335,000- BPD REFINERY, BIGGEST ON U.S.

  • EXCLUSIVE- PHILADELPHIA ENERGY SOLUTIONS EXPECTED TO SEEK CLOSURE OF OIL REFINERY AFTER FIRE- TWO SOURCES.

  • PHILADELPHIA, June 25- Philadelphia Energy Solutions is expected to seek to close its oil refinery in the city, the largest on the U.S. East Coast, after a massive fire caused substantial damage to the complex, two sources familiar with the plans said. The refinery, which could still change its plans, is also expected to begin layoffs of the 700 union workers at the...

  • June 23- The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc's oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast's largest refinery, sources familiar with the matter said on Sunday. The destruction of the unit, coupled with damage from the fire that ripped...

  • June 23- The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc's oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast's largest refinery, sources familiar with the matter said on Sunday. The fire, which began in a tank and involved several explosions that sent a huge...

  • June 23- The alkylation unit at Philadelphia Energy Solutions Inc's oil refinery was destroyed in a fire that ripped through the East Coast's largest refinery last week, damage that will hamper the normal production of fuel, people familiar with the matter said on Sunday. The refinery could remain shut for an extended period, Reuters reported on Friday.

  • ALKYLATION UNIT AT PHILADELPHIA ENERGY SOLUTIONS INC REFINERY COMPLETELY DESTROYED IN FRIDAY FIRE- SOURCES.

  • PHILADELPHIA, June 21- A massive fire at Philadelphia Energy Solutions Inc's oil refinery on Friday damaged the largest U.S. East Coast plant to the point that it could remain shut for an extended period, according to Philadelphia city officials and company sources. As of late afternoon, the fire was "confined and contained," but could not be put out entirely,...

  • PHILADELPHIA, June 21- A massive fire at Philadelphia Energy Solutions Inc's oil refinery on Friday damaged the largest U.S. East Coast plant to the point that it could remain shut for an extended period, according to Philadelphia city officials and company sources. Philadelphia fire officials said several explosions sent a huge fireball into the sky,...

  • HOUSTON/ NEW YORK, June 21- A massive fire at the largest U.S. East Coast refinery on Friday could disrupt the region's gasoline supplies for at least two weeks, sending prices higher, traders and analysts said. Cash prices for gasoline also rose, with New York Harbor F2 RBOB gasoline prices gaining about 0.50 cents per gallon to trade at about 1 cent a gallon above...

  • Vice President Mike Pence's decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, though tensions between the United States and Iran undercut sentiment. Pence called off a planned China speech that had been cast initially as a sequel to a blistering broadside he delivered in October, a move...

  • Gas prices at the pump should rise for East Coast drivers after a massive explosion affected operations at a Philadelphia refining complex.

  • June 21- Massive explosions that engulfed a Philadelphia refinery in flames on Friday has renewed concerns about the oil industry's use of a highly toxic chemical to make high-octane gasoline at plants in densely populated areas. One of the explosions took place in a hydrofluoric acid alkylation unit a chemical processing unit that has been involved in...

  • PHILADELPHIA, June 21- Firefighters were working to bring under control a massive fire at Philadelphia Energy Solutions Inc's refinery on Friday that has resulted in damage that could keep the affected unit shut for an extended period, according to Philadelphia city officials and company sources. Philadelphia fire officials said several explosions sent a...

  • An explosion tore through part of a Philadelphia gasoline refinery, the East Coast's largest, just as the busy summer driving season was beginning. No injuries were reported in the early morning explosion. Gasoline futures prices jumped after the news broke.