Quotes from the news wire:
Last year was the best year on record for European refiners, whatever came next was going to be disappointing.
Found on Reuters 8 years ago
Coastal refineries would get the benefit of being able to sell more of their production into the local market and so achieve higher prices. Their surplus would also get a better value in the export markets, inland refineries would get a benefit from increased local (gasoline) demand and could maintain import parity pricing rather than export parity pricing in some cases.
Found on Reuters 9 years ago
Over the next few years, things are going to get tough for European refiners, but this could help some of them.
Found on Reuters 9 years ago
All signals point to weaker margins, which mean lower runs, you're going to start to get a surplus of crude again.
Found on Reuters 9 years ago
I think the runs have probably hit their peak for the year.
Found on Reuters 9 years ago
It's almost as if middle distillates are coming out as a byproduct of gasoline, i don't think it's just a European problem. Wherever refineries can, they are running hard.
Found on Reuters 9 years ago
The global crude surplus is being converted into a product surplus. Refiners are being guaranteed a margin by the massive overhang of crude.
Found on Reuters 9 years ago
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