One in Five Refineries Faces Shutdown Despite Rising Fuel Demand
OilPrice
APRIL 2, 2025
Refineries are switching to biofuels or shutting down due to hostile regulationsbut demand for oil products is growing. A total of 101 out of 410 refineries around the world are at risk of getting shut down over the next decade, Wood Mackenzie analysts estimated recently, noting that this number represented 21% of global refining capacity.
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