Jan 04, 2022
Global majors are overhauling their downstream business
Global Majors are overhauling their downstream business due to pandemic-induced downturn and impending energy transition.
The divestment spree of refineries will continue with the structural fuel demand decline and growing sensitivity towards carbon intensity. Going forward, the refineries will leverage low-carbon ecosystem for sustenance.
Global Majors will also be:
- Transitioning their retail sector
- Strong inclination towards refinery-petrochemicals integration
- Penetration into low carbon solutions business
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This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.