Pandemic hastens threat of closure for struggling oil refineries

MOSCOW (MRC) -- The collapse in oil demand from the COVID-19 pandemic is hastening the reckoning for those refiners already struggling as new capacity overtakes demand, posing an existential threat to many, particularly Europe's ageing plants, reported Reuters.Even before the pandemic struck, which at its height destroyed over 20% of global oil demand, analysts expected global refining ca

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