Australia announces subsidises for refineries
Australia's government has announced plans to subsidise the country's refineries in order to keep them open wherever commercially possible.
Australia's government has announced plans to subsidise the country's refineries in order to keep them open wherever commercially possible.
The US's only offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.
In response to falling fuel demand, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData.