Tag Archives: Destroys

Global Oil Refiners To Deepen Output Cuts As Coronavirus Destroys Demand

Brent Crude Slumps To 4-Year Low As Coronavirus, Price War Spook Oil Markets

Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus. In Asia, home to over a third of the global refining capacity, India’s top refiner has slashed …

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