Post Tagged with: "shutdowns"

Source: Reuters

Factbox: Oil refiners shut plants as demand losses may never return

Reuters


Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next because of uncertain prospects for a recovery in fuel demand after the coronavirus pandemic cut consumption.

The pandemic initially cut …

November 11, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Oil prices at one-month low on demand worries

Reuters


LONDON – Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment.

Brent crude LCOc1 fell 55 …