Sunoco to indefinitely shut Eagle Point refinery to 'reduce losses'

摘要

New York-US refiner Sunoco said October 6 it would idle its 145,000 b/d Eagle Point refinery indefinitely to "reduce losses," cut its dividend in half and replace the head of its refining group. Sunoco "is the first major US refiner to announce a closure during the Dark Ages, but it will not be the last," said Credit Suisse analyst Mark Flannery in a report, citing the new low-margin era he sees for US refiners. Until now, most US refinery-related closures have involved taking cokers off line due to a tight light-heavy crude spread and low products demand.