Covid-19: Death knell or rebirth for Marsden Point?

Mon, 20 Apr 2020

Many of the world's 700-odd refineries, including Marsden Point, are operating at minimal rates or have brought forward maintenance to halt production and try to stem a global supply glut.This time last year, refineries worldwide were processing about 80 million barrels of oil a day. That is expected to fall to 64 million barrels this quarter, the lowest in more than a decade, the International Energy Agency said last week. Dallas-based consultancy Turner, Mason & Co warned more than a dozen smaller, older refineries with a combined dai...

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