Western oil refinery closures set to continue despite war shock

Why it matters

The ongoing closure of Western oil refineries amid geopolitical tensions signals notable market activity with potential medium-term implications for fuel supply and energy credit markets, but it lacks immediate systemic or regulatory impact.

Sources

• Financial Times

  Western oil refinery closures set to continue despite war shock

  North America and Europe to lose further capacity to turn oil into petrol, diesel and jet fuel because of investor wariness