Want to Lose Money? Run Saudi and Russian Crude in an Oil Refinery
Olivia Konotey-Ahulu and Rachel Graham, Bloomberg
November 11, 2019
Who was cited:
Steve Sawyer, Director of Refining FGE
Two of the world’s most important grades of crude -- Saudi Arabia’s Arab Light and Russia’s Urals -- would lose oil refineries money in key processing regions, and new rules to improve the shipping industry’s environmental performance are part of the reason.