Global refining activity slump extends into May as glut builds

MOSCOW (MRC) -- The sharp decline in global refining activity has continued in May, the International Energy Agency said in its monthly oil market report, as refiners face the double whammy of rising crude prices and falling diesel profits, said Hydrocarbonprocessing.The agency now sees global crude refining throughput at 66.2 million barrels-per-day, unchanged from April, and more than 1

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