Down, Down, Down For Oil Majors?

Oct. 26, 2009 02:06PM PST

All eyes are on oil majors, as they battle a refining slump. BP reports results Tuesday, followed by Conoco on Wednesday, Exxon and Shell on Thursday, and Chevron on Friday. Though the sector is up 20 per cent, refineries are struggling as demand remains limp. Is there a way out? All eyes are on oil …

All eyes are on oil majors, as they battle refining slump. Though the sector is up 20 per cent, refineries are struggling as demand remains limp and the cost of input – oil – keeps rising.