[ad_1] Refineries around the world have announced the permanent closure of refinery capacity this year after the pandemic crushed global fuel demand, and significant overcapacity still remains, the International Energy Agency said Thursday. (IEA). In its monthly oil market report, the EIA said permanent closures of the refinery’s capacity reached …
Read More »Shell’s largest refinery reduces crude oil processing capacity by 50%
[ad_1] Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-emission company by 2050 or sooner, the supermajor said Tuesday. Pulau Bukom is home to the largest wholly owned Shell …
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