The refining industry is continuing to endure a tough time and, for the foreseeable future, this picture does not look like changing, certainly in Europe. In addition to the pressures, ..
The refining industry is continuing to endure a
tough time and, for the foreseeable future, this picture does
not look like changing, certainly in Europe. In addition to
the pressures, such as refining overcapacity, that have been
affecting this sector for some considerable time, there are
now the additional geopolitical pressures of the strike in
Venezuela and the continuing threat of war in the Middle
East, with their effects on the cost and availability of
crude oil.
These factors have had a considerable impact on the
financial performance of the oil companies' downstream
sectors. If you look at the specific effect on
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