Insight
Webinar: 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.
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