Shell Reports Global Oils Refining Surplus of 6 Million Barrels

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.

Click here to read the full Reuters report.