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3
Posted on 11/5/20 at 11:13 am to fallguy_1978
quote:
oil prices
Refinery generally benefits from low Crude prices.
Posted on 11/5/20 at 11:13 am to fallguy_1978
They (Shell) have been In the process of moving away from refining and focusing on chem. I think for a combination of reasons.
This post was edited on 11/5/20 at 11:16 am
Posted on 11/5/20 at 11:57 am to fallguy_1978
quote:
Is it just low oil prices that did them in?
Gas and diesel demand has made a comeback but jet fuel demand is still WAY down. I’m not sure how Shell Convent is structured but some of the smaller stand alone refineries that aren’t integrated with a chemical plant rely on jet sales for a big chunk of their profit.
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