4 Energy Stock Stories for a Tuesday Drive
PBF Energy (NYSE:PBF) Closing price $35.86
PBF reports the completion of the second crude oil unloading facility at its subsidiary’s Delaware City Refinery. The building of the 70,000 barrel-per-day rail facility was announced in mid-2012 and was completed on schedule and on budget. The first unit train of Bakken crude oil should to discharge this week with seventeen additional unit trains set to arrive in the next two weeks. Now that this project is finished, the Delaware City rail facilities are capable of discharging 110,000 barrels per day of crude oil directly at the refinery, or 40,000 of heavy crude oil and 70,000 of light crude oil.