BEAMSTART Logo

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

The Straits Times LogoThe Straits Times1 mo ago

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

Quick Summary AI Powered

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.


More Pictures


or

Article Details

Category: Economy

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

Availability: Desktop Web, Mobile Web

News ID: 20382

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 15h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.