TransMontaigne criticizes US rack pricing

摘要

New York-Independent oil distribution and supply company TransMontaigne lost its gamble on the resale of spot market product after hurricanes Katrina and Rita,and alleges that refiner subsidies made its unbranded product contracts uneconomic.TransMontaigne officials,in an conference call late Oct 10,put the expected bottom-line hit at "less than us20-mil" from the pricing policies of the major refiners.