As coronavirus outbreak destroys fuel demand, global refiners consider cuts

Refineries that usually rejoice at falls in the price of crude as a way to boost profits are instead contemplating extensive maintenance and slowing output as demand is destroyed by travel restrictions in response to the coronavirus pandemic.

In Asia, margins for producing transport fuels plunged to multi-year or multi-month lows this week after more countries imposed international travel restrictions and curbed domestic movement as part of measures to slow the spread of the virus. Airlines and airports are facing a huge shock as.....

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