Recent positive news regarding a potential coronavirus vaccine and the anticipated closure of additional refining capacity bodes well for the refining sector and could lift deferred margins, according to Morgan Stanley. However, refineries will need to operate at reduced rates or stay idled until the demand recovery gets into full swing, the bank added.
Sign up for AIChE SmartBrief
News for chemical engineers
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.