Global recession will hasten refinery rationalization

Global recession will hasten refinery rationalization
WESPECH PTE LTD
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08.07.2020

MOSCOW (MRC) -- Coronavirus and the cyclical slump in petroleum consumption are accelerating a long-term rationalization of the global refining industry and a shift eastwards in its center of gravity to Asia, said Hydrocarbonprocessing.Refinery margins for making middle distillates such as gasoil and jet fuel have plunged to their lowest since 2009 as lockdowns and recession have cut fuel

Full article at mrcplast.com

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