Processing & Handling :: Thermal & Energy Management :: Fuels
May 1, 2009
Petroleum Refiners Face Uncertain Future
Declining product demand, volatile margins, and a global recession are forcing many refiners to rethink investment decisions
David Nakamura
Petroleum refiners throughout the world are faced with increasing uncertainty regarding future refining margins, crude prices and project costs. These factors, along with falling demand for refined products, a global recession, and tighter credit markets, are forcing global refiners to reconsider, postpone, or cancel expansion projects....
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