(Source: Philadelphia Inquirer, April 17, 2017)
PHILADELPHIA, Pa. — The plunge in oil prices has triggered a series of lawsuits over who will take the hit for millions of dollars lost on soured deals to bring light sweet crude to a Delaware County refinery. BP Products North America Inc. last week sued Monroe Energy LLC, the Delta Air Lines subsidiary that operates the refinery in Trainer. The suit, filed in U.S. District Court in New York City, claims that Monroe owes BP $59 million for abandoning a three-year contract last year to take delivery of domestic crude that BP would ship to the refinery on the Delaware River.
Full story: Philadelphia Inquirer