Blue Dolphin Energy reports a financial deficit due to lower refining margins and sales volume in 2024.

Blue Dolphin Energy Company reported declining financial results for the third and first nine months of 2024, showing a $4 million deficit and a $1.3 million margin, respectively, in their refinery operations. This is a significant drop from the previous year, mainly due to lower refining margins and sales volume. Despite these challenges, the company maintained positive working capital of $9.9 million and had $1.7 million in cash as of September 30, 2024.

November 16, 2024
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