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18 Jul 2024 | 08:30 UTC
In the wake of the record margins of 2022, European refiners find themselves at a crossroads. While some continue to thrive, others have announced plans to shutter ageing plants. The growth of global competitors continues to cast shadows on the margin outlook while the demands of producing greener fuels loom ominously. As producers adapt and recalibrate, the refining sector stands on the brink of transformation.