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Shell Reports Global Oils Refining Surplus of 6 Million Barrels
Feb. 02, 2012 11:42AM PST
Resource InvestingReuters reported that according to Royal Dutch Shell (NYSE:RDS.A), the global oil refining industry has 6 million barrels per day surplus capacity.
Reuters reported that according to Royal Dutch Shell (NYSE:RDS.A), the global oil refining industry has 6 million barrels per day surplus capacity.
As quoted in the market news:
Shell, Europe’s largest oil company by market value, made a loss of $278 million from oil refining and marketing in the fourth quarter.