Downstream oil in brief: CLH to buy 15 terminals in a bid to diversify
Spanish fuel logistics company CLH has announced that it will buy 15 terminals from Inter Pipeline. The deal sees it expand into two new markets and will enable CLH to store a wider range of liquid products. The move will ensure that the company is better positioned in the face of the energy transition. Additionally, the strategic location of some of the major hubs acquired could provide some uplift should given the current weakness in the European refining sector, which could lead to greater reliance on trade to meet demand as a result.