Shell Reports Global Oils Refining Surplus of 6 Million Barrels
Investing News Network - February 2nd, 2012
Reuters 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.