Good times for refineries might not last

07/26/2012 | Economist, The

With crude-oil prices falling and refined products still expensive at the pump, refiners are making a lot of money, but the bonanza is destined to end fairly quickly, according to The Economist. Demand for fuel in the developed world has peaked and is falling. "The respite that cheaper crude has given the refiners is unlikely to last, and more losses and closures are likely," the magazine notes.

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Economist, The

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