(EnergyAsia, March 30 2010, Tuesday) — Oil companies are considering permanently closing down their refineries in the US and Europe in a desperate move to reduce excess capacity and improve profit margins. Chevron Corp is selling its Wales refinery and is considering what to do with one in Hawaii. It is also overhauling its fuel-making…
MARKETS: Oil companies consider permanently shuttering refineries in the US, Europe
Posted on March 29, 2010 by EnergyAsia