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REFINING: Repsol Reducing Refinery Runs By About 5% on Weak Margins

REFINING

Spain’s Repsol is refining less crude and reducing run rates by about 5% due to weakening margins, according to Bloomberg sources.

  • The run cuts are the latest sign of weak regional fuel demand.
  • Last week, Bloomberg said Italy’s ENI is to cut crude processing at its refineries by up to 10% in some locations.
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Spain’s Repsol is refining less crude and reducing run rates by about 5% due to weakening margins, according to Bloomberg sources.

  • The run cuts are the latest sign of weak regional fuel demand.
  • Last week, Bloomberg said Italy’s ENI is to cut crude processing at its refineries by up to 10% in some locations.