Analysts still sceptical of Delta Air Lines refinery acquisition

Stormy skies ahead for EUAAs

"It's slightly more intriguing and understandable than it was a week ago, but they're swapping one risk for another," says Mike Corley, president of Mercatus Energy Advisors, a Houston-based consultancy that advises companies on fuel hedging.

Delta Air Lines said on Monday that it would buy the Trainer refinery for $150 million from Phillips 66, the newly formed refining spin-off of ConocoPhillips, and that it would spend an additional $100 million to upgrade the 185,000 barrel-per-day facility

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here