View: Covid-19 will hasten the demise of many oil refineries

When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting processing rates and even temporarily stopping refining in some cases. While that helped prop up the industry’s margins for a while, a combination of rising crude costs and still-weak end-user demand are starting to bite.

from Energy-Industry-Economic Times https://ift.tt/2X9H9aC