The refining sector in Europe is projected to face significant challenges, with around 100 out of 500 global refineries at risk of closure within 10 years, primarily due to declining margins and policy pressures. In contrast, the refining complex in the Eastern Mediterranean and beyond appears to be adapting better to market conditions. Brent crude prices are struggling to maintain a floor at $60 per barrel, with potential declines anticipated in the near future.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue