PBF Energy reports larger-than-anticipated Q3 loss due to declining margins, according to Reuters
PBF Energy reported a larger-than-expected loss in the third quarter, attributing it to weak fuel demand and shrinking refining margins. This trend is being seen globally, with refiners facing challenges due to soft consumer and industrial demand, particularly in China. Despite the difficult market conditions, larger competitors like Phillips 66 and Valero Energy also experienced … Read more