Refineries shutting down… WSJ – Commodity Research Group

December 6, 2020 by Jim Colburn Leave a Comment

David Winning and Rebecca Elliott, Wall Street Journal write about refineries under pressure and shutting down, here…
“Covid-19 is accelerating a rash of global refinery shutdowns in the world’s richest economies. Companies from energy giant Royal Dutch Shell RDS.A 4.14% PLC to Australian fuel company Ampol Ltd. ALD +0.42% are closing facilities or considering doing so as they reckon with anemic fuel demand and growing competition from newer, more efficient fuel-making facilities in Asia and the Middle East.

Eleven refineries from the U.S. to Japan have said this year that they intended to close. Three have announced partial shutdowns, and at least another five are on the chopping block, according to analytics firm IHS Markit.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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