Redefining the future
The outlook for the refining industry in a post COVID world
2020 was one of the most turbulent on record for the oil industry. The measures undertaken to contain the coronavirus disease triggered a sharp decline in vehicle use, grounded civil aviation, and reduced construction and manufacturing activity. As a result oil demand plummeted and, although refineries took drastic action, some have not survived. Daniel Evans, Vice President, Global Head of Refining and Marketing at IHS Markit, talks to Insight about what he sees ahead for the industry.
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