INFOGRAPHIC
Aug 20, 2020
Effect of COVID-19 pandemic on refining and refiners
The reality of the downstream industry with COVID-19 pandemic is grim, due to one of the largest demand destruction events the world has seen. The refining companies experienced sharp drop in refining margins; slashed their capex and lowered utilization rate to sustain through the crisis.
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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