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May 4, 2020

Covid-19 impact on global refinery sector

By Agne Suipyte

National lockdowns across the world to contain the spread of Covid-19 has had a serious impact on global refinery sector.

Stringent travel restrictions have wiped out the market for transportation fuel, long storage durations are leading to a deterioration of products such as gasoline and jet fuel and with stocks piling up and refiners are witnessing increased inventory costs.

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