Explosion points to major shutdown at 335K bpd facility
A fire at a Philadelphia refinery led to a massive explosion that sent shockwaves throughout the city at 4:20 am on Friday.
The Philadelphia Energy Solutions refinery is the largest and oldest refinery on the US East Coast, producing 335K bpd at max capacity. It emerged from bankruptcy last year but has continued to struggle. This might be the nail in the coffin.