Commodities 2023: Oil refining landscape to resume transformation in 2023 after hiatus

The metamorphosis of global refining will likely resume in 2023, after a pause in 2022 and changing the shape of crude and product flows. New oil refineries are set to come online in the East and old refineries will likely be converted into greener processing plants in the West, according to data from S&P Global Commodity Insights. That will restart…