Separating from the competition:Recovering profits after the pandemic

摘要

As recovery from the COVID-19 pandemic begins,so will a return to normal life.However,fuel and petrochemical demand may never return to normal.Shelter-in-place orders have devastated global demand,and climate change policies are designed to maintain lower demand.In this ever-changing world,refiners must target profit improvements.At the beginning of 2020,the refining industry anticipated a year of profitability,with projects anticipated to support refinery expansions,upgrades and new grassroot efforts.The global COVID-19 pandemic introduced an unseen assailant on the industry worldwide,with its effect on oil and gas production still reverberating throughout the refining community.