Oil Refiners Are Getting Ready to Run Flat Out
- Plants are front-loading work to be ready for ship-fuel switch
- Demand surge anticipated before ship-fuel rule starts in 2020
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Oil refiners are getting ready for a boom.
The plants in Europe and the U.S. are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch. Analysts say a similar picture is emerging in Asia, too.