European Refineries' Margins Have Collapsed. Fuel Production Cuts Are in Danger
6 Articles
6 Articles
European refiners have come under intense pressure from high oil prices and record tanker shipping costs. Their margins, which were recently described as a gold mine, have taken a sharp turn, falling from tens of dollars a barrel to almost zero in a matter of weeks. They were even negative for a short time.
The rise in crude oil and sea freight is sinking the margins of European plants and threatening to lead to production cuts.
The strong volatility of refining margins in Europe has sparked alarms about the security of fuel supply in the continent, given the rise in oil prices and shipping, which is reducing the profitability of refineries and could lead some plants to cut their production at a critical time [...] The entry The profitability of European refineries falls drastically and threatens with production cuts aparece primero en Forbes España.
Profitability (profit margins) at European oil refineries has fallen sharply, raising the prospect of production cuts just as the continent grapples with rising refined product prices. The sharp rise in the price of physical crude oil and record costs for chartering supertankers have led to higher input costs for refineries in […]
Profitability for European refiners has fallen significantly in recent weeks because of rising oil prices and the cost of shipping it. Refiners could step in to curb production at a time when Europe is struggling with rising fuel prices, the Financial Times (FT) reports on its website today. At the same time, the Czech government is now preparing to impose an extraordinary tax on refiners, which it justifies by increasing their margins.
Europe's oil refinery profitability has declined sharply, enhancing the prospects for companies to cut production levels, with increased input costs for refineries, without being accompanied by a sufficient increase in the prices of some final products, such as gasoline and Nafta, to offset this increase, following a strong rise in crude oil prices. The profit margins in the North-West European refineries have declined from [...] the rising crud…
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