September 16, 2024 09:52 GMT
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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