August 13, 2020:

Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next, as fuel demand recovery seems uncertain after the coronavirus pandemic triggered losses, Reuters reported. Royal Dutch Shell PLC is shutting its Tabangao facility, which produces 110,000 barrels per day, in the Philippines, while Switzerland-based Gunvor Group Ltd. is considering shuttering its 110,000 bpd refinery in Antwerp, Belgium.

By Businessinsurance.com