Shutdown of U.S. refineries spells trouble among oil consumers

The impending closure of oil refining plants in Philadelphia and in the northeastern states could trigger a surge in prices of gas and heating oil. Operations of Sunoco’s Marcus Hook refinery have been suspended since December 2011, while its other refinery in Philadelphia may soon face closure if the company fails to arrange a buy-out. The move is part of Sunoco’s investment strategy to divert...
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