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In an Over-Supplied Market, Refiners Plan Robust Slate of Capital Spending


Industry Segment: Petroleum Refining | Word Count: 909 Words
Attachment: New Crude Refining Capacity, Crude Oil Supply-Demand

SUGAR LAND--October 7, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The global petroleum refining industry has aggressive plans to invest billions of dollars to construct new refineries or expand existing ones, but in a world where crude oil supply already exceeds demand, there are questions about how many planned projects will make it through construction and begin operating, Chris Paschall, Industrial Info's vice president of research for the global Oil & Gas and Petroleum Refining, said on a webcast Thursday.

Within this article: A summary of the webinar

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