PBF Energy faces financial challenges as refining margins decline

PBF Energy is facing challenges in the refining market as December crack spreads remain low. Analysts predict that most producers, including PBF, may operate at a loss if current trends continue. The situation marks a significant downturn compared to previous months when refining margins were more favorable. This shift raises concerns about the financial health of PBF Energy and its peers. The article highlights the uncertainty in the refining sector for 2024, with potential implications for profitability across the industry.