Petrol prices may remain high on shortage of refining capacity, says Shell chief

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June 29, 2022 8:56 PMRefinery shutdowns, China's refined fuel export ban and sanctions on Russia behind lower capacity.

Adding to the transport fuel shortage is China's decision, probably for domestic reasons, not to export refined fuels, he said.

He said there are several reasons why refining capacity has declined over the past few years.

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Category: Economy

Topics: Petrol Means Fuels Refining Beurden Capacity Supply Singapore Crude Lower Demand

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Published On: 2022-06-29, 20:56:29

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 618 words

Coverage Area: Singapore

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News ID: 20382

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