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Tag Archives: Marathon Petroleum

Oil refiners shut plants as demand losses seen continuing

Pump jacks operate at sunset in

REUTERS August 14, 2020 HOUSTON/MANILA (Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses. The pandemic initially cut fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic …

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