Global refining overcapacity will weigh on margins
Despite a temporary margin relief provided by the oil price drop, the refining sector remains plagued by overcapacity
Updated: Feb 10, 2015
You must be signed in to read this analysis
In this article
- Chinese expansion
- US rejuvenation
- Refinery by-pass
- Overcapacity
- Winners and losers
- EU
- Japan
- Asia-Pacific
- Middle East
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "The Yanshan oil refinery of Sinopec Corp. in Beijing (Reuters/Petar Kujundzic)")