World refning complex entering slowdown

摘要

Refners are cutting runs globally as a result of the coronavirus outbreak, which has slashed global oil products margins and eroded refning economics. Critical to the collapse in refning margins is widespread weakness in the gasoline market, typically one of the primary sources of income for refners. Light distillate margins are currently negative in the US, Asia-Pacifc, and Europe, putting extreme pressure on refning economics as a result.