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Delta Air mulls bold bid for Pennsylvania oil refinery

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In what must rank as one of the most audacious attempts at fuel hedging on record, Reuters has reported that Delta Airlines is considering the purchase of a US oil refinery capable of producing 185,000 barrels per day. The world’s largest purchaser of jet fuel has identified the ConocoPhilips refinery in Pennsylvania, which has been idled since last autumn and is up for sale

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