Over 20% of the world's oil refining capacity at risk of closure
Thursday, March 28th 2024, 7:30:15 pm
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(OIL PRICE) – More than 20% of the total global refining capacity is at some risk of closure as refining margins are set to weaken alongside demand, while carbon taxes could also burden many refiners, Wood Mackenzie has said in a recent report. Overall, based on expected net cash margins in 2030, Wood Mackenzie has…
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