# Philadelphia Energy Solutions (PES) closure tightens Atlantic Basin refining markets

> The Philadelphia Energy Solutions refinery, the largest on the U.S. East Coast, was damaged by a June 20 explosion and is set to close in August. The operator filed for Chapter 11 bankruptcy on July 21, and the closure is expected to substantially tighten East Coast and Atlantic Basin refined product markets.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/58289-philadelphia-energy-solutions-pes-closure-tightens-atlantic-basin-refining
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Loss of East Coast refining capacity tightens regional diesel and gasoline supply, pushing up fuel and freight costs for U.S. feed buyers.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | -0.4% | +7.0% |
| DIESEL | 2019-12-11 | [Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves](https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves.md) | +3.5% | -0.9% |
| DIESEL | 2026-10-29 | [India's top state refiner sees diesel and jet demand rising as ULSD heating oil sits at $4.77/gal — EnergyReader.io](https://feedsoft.ai/events/276-india-s-top-state-refiner-sees-diesel-and-jet-demand-rising-as-ulsd-heating-oil.md) | -2.4% | — |
| DIESEL | 2024-12-12 | [Global diesel prices to rely on refinery closures for support in 2025](https://feedsoft.ai/events/27158-global-diesel-prices-to-rely-on-refinery-closures-for-support-in-2025.md) | +1.1% | +12.9% |
| DIESEL | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +4.6% | +11.6% |
| WTI | 2026-06-29 | [Bangkok Post - When emerging markets wobble, Thailand offers relative safety](https://feedsoft.ai/events/19084-bangkok-post-when-emerging-markets-wobble-thailand-offers-relative-safety.md) | -1.5% | +22.5% |
| WTI | 2018-04-30 | [Unintended consequences? OPEC moves tighten market for medium grades](https://feedsoft.ai/events/65669-unintended-consequences-opec-moves-tighten-market-for-medium-grades.md) | +2.4% | -0.3% |
| WTI | 2025-11-12 | [US Dollar: Consolidation Persists While Risk Assets Rally Across Global Markets \| Investing.com](https://feedsoft.ai/events/22169-us-dollar-consolidation-persists-while-risk-assets-rally-across-global-markets.md) | +0.5% | -3.9% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/research-analytics/pes-closure-tightens-atlantic-basin-refining-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.