The global refining industry is experiencing a downturn after a period of high profits, due to weaker demand, increased competition from new refineries, and economic slowdown.
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Bank of America analysts on Sept. 13 said they expected global refining margins to continue their slump, after sliding 25% ...
The Prime Minister has said his Government is not “sleepwalking” into potential “industrial devastation” over the closure of the Grangemouth refinery.
The Labour MP representing Grangemouth has called on the UK government to nationalise the site's oil refinery to maintain ...
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Petroineos stated in the release that, while preparing the refinery site for the transition to an import terminal, it is ...
Petroineos said the closure of Grangemouth was due to it being unable to compete with more modern foreign sites.