Which airline bought a refinery

The analysts at Credit Suisse say another 2. East Coast refineries, among the oldest and least advanced in the country, have been hammered by a series of bad turns: the recession that cut demand; the rapid injection of ethanol into the U.

The final blow for many has been the surge in cheap shale oil production from North Dakota and West Texas, which has handed a bounty of cut-priced crude to Midwest and Gulf rivals who are now running their plants flat-out. The airline expects the purchase to add to its earnings in the first year of operations. N advised it in the purchase, Delta said. Delta shares were little changed in extended trading after the announcement, which was widely expected.

Delta RIN credit liability was detailed in a footnote in its most recent securities filing for the quarter ending March Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. More from Reuters. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. Sign up. Home All Sections. Log In Welcome, User.

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