Insight
Global refinery closure threat update – 1 in 20 at high risk
Report summary
The impact of Covid-19 pandemic on oil demand and refining margins resulted in a tidal wave of industry rationalisation. While we expect refining margins to recover from the lows of 2020, refining margins post-2027 are projected to soften as the energy transition results in declining demand. There are a number of refineries that are projected to still be cash negative in 2027, so at threat of rationalisation. In this refinery closure analysis update, we have enhanced the methodology to reflect the truly global nature of the refining industry. Major enhancements include the assessment of a list of global refineries, the petrochemical contribution from our new REM-Chemicals offering and the change in net cash margin post-investment.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global refinery closure threat update 2023 (full data access)
Which assets are most at risk of closure?
$9,900
Commodity Market Report
Latin America and the Caribbean product markets short-term outlook December 2023
This monthly update incorporates crude runs, yields, and product-by-product supply-demand balances through to end-2025 for Latin America.
$1,900
Insight
Global refinery closure threat update 2023
Which assets are most at risk of closure?
$900
