Asian refiners look for answers in petrochemicals as EVs threaten transport fuels' future
Oil Markets
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The Fear of Demand Decline in the Refining Industry
There is definitely an expectation that the global demand for key transportation fuels is going to peak during the next five, seven years. Road fuels like diesel, gasoline still account for approximately half of the refinery's yields. So they remain important. But if we go back to the question of whether the downstream integration is the right answer for refineries, it is worth noting that this is not the end of the era of fossil fuels.
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