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

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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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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

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Language: English

Reading Time: 4 minutes read

Article Length: 618 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 20382

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