The Oil Refinery Crisis Will Worsen This Winter ...Middle East

It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to stifle activity. But the warm December that is expected this year is also threatening finished products demand. And it’s possible that many of the older, small refiners won’t survive at all. According to HIS Markit, eleven U.S. refiners are scheduled to close. The largest refinery in the United States, Royal Dutch Shell’s Convent, Louisiana refinery…

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