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Tag Archives: Refinery economic problems

The World’s Oil Refining Industry Is in Pain Like Never Before – Bloomberg

Oil refinery. Chain link fence. Smoke stacks

BLOOMBERG, JULY 6, 2020 OPEC+ production cuts have driven up crude oil prices | End-user demand for transport fuels remains very subdued By Barbara J Powell and Jack Wittels for Bloomberg – Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And …

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