US sweet crude refiners challenged: O'Malley

摘要

New York-The year ahead will bring mostly challenges for US sweet crude refiners as fast-growing independent PBF Energy contin- ues to cherry-pick assets, according to PBF Energy Chairman Thomas O'Malley. "The challenge for 2011 is can you afford to stay in the business" of refining, said O'Mal- ley in an interview with Platts December 6. "I think the challenge that will be faced in the US will be sweet crude refineries that do not have access to domestic crude," he said, predicting a "couple more closures" of US plants due to poor economics.