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Tag Archives: Oil refinery shuts

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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First North American Refinery Shuts With Fuel Demand Plunging

Aerial view of an oil terminal taken at night

BLOOMBERG, March 30, 2020 North Atlantic idling the Come by Chance plant, VOCM reports | Valero, Phillips 66, Suncor among refiners slowing down By David Marino for Bloomberg – Newfoundland’s only refinery is shutting down, the first North American fuel maker to be idled as the coronavirus outbreak crushes demand worldwide. North Atlantic Refining Ltd. will idle the Come by Chance …

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