Philippine Refinery Margins Deteriorate Amid COVID-19, an Industrial Info Market Brief
Attachment: Phillip Refining 0520
Pilipinas Shell Petroleum Corporation, the second-largest oil company in the Philippines, is shutting down its refining operations for a month beginning May 15. This was brought about by a drastic decline in local demand and a significant deterioration in regional refining margins due to the impact of COVID-19.
