Feature: US refiners poised for strong Q4 after record-breaking crude processing in Q3 (Platts, November 12, 2018)

Energy economist Philip Verleger said that companies such as Philadelphia Energy Solutions, or PBF Energy, with capacity concentrated on the East Coast, had a much more difficult time financially in Q3, which is evidenced in East Coast refinery runs. EIA data showed Q3 East Coast gross crude oil input into refineries was down over 3 million b/d from the prior three-year average. (Read more here.)