Oil refiners shut plants as demand losses seen continuing
Ahmad Ghaddar, Enrico Dela Cruz, Seng Li Peng and Erwin Seba - Reuters
August 14, 2020
Who was cited:
Mia Geng, Consultant - FGE
The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.