PBF expects strong Q2 results on reduced planned refinery downtime

PBF Energy reported strong Q1 results despite planned and unplanned outages at several of its refineries as tight global supply-demand balances supported higher refining margins, the company said in its Q1 results call on April 28. “Strength in global product prices is being driven by a combination of increased demand and low product inventories. Global refining capacity is more than…