Oil’s Forward Curve Flashes a Rare, Wobbly Smile

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024. Last September, the owner of Scotland’s Grangemouth refinery, Petroineos, announced plans to close the crude processing facility as it has been struggling to compete with the new complex facilities in Asia, Africa, and the Middle East. Petroineos, a joint venture between PetroChina and INEOS, said it would transition the site to a finished fuels import terminal and distribution…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com