Refiner PBF Expects Continued Improvement in Market Conditions

SUGAR LAND--July 30, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Petroleum refiner PBF Energy Incorporated (NYSE:PBF) (Parsippany, New Jersey) reported second-quarter 2021 net income attributable to the company of $47.9 million, a sizeable drop from $389.1 million reported for the second quarter 2020. Even so, PBF Chief Executive Tom Nimbley said the results "reflect the improving demand environment. We operated our refineries at rates which were the highest since the onset of the pandemic."