A sharp increase in U.S. gasoline exports to West Africa is threatening to undercut European refiners' dominance of that market, further darkening
the outlook for an industry that has already been shrinking. read full article here
Wow. Hidden in the last sentence "Europe's refining margins, or cracks, averaged $6.18 a barrel over the past year, compared with $21.17 a barrel in the United States."
That is a difference of almost $15! How do you compete when you are making $15 less a barrel?
Friday, 26 July 2013
From Downstream Today: European Refiners Squeezed in Africa by Rising U.S Exports
Posted on 04:10 by Unknown
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