(EnergyAsia, October 21, Wednesday) — US and European oil refiners are facing the twin threats of declining domestic demand and growing competition from Asian rivals, said Vienna, Austria-based energy consultant JBC Energy. Some operators may be forced to shut down as they will not be able to compete against some of Asia’s larger, newer and…
MARKET: Western refiners under pressure from declining oil demand, rising competition, says consulta
Posted on October 21, 2009 by EnergyAsia