Europe’s refiners struggling to maintain high runs despite strong margins

Some European refiners are grappling to keep run rates elevated in order to meet resurgent oil demand, exacerbated by a lack of investment and expensive feedstocks despite very high margins, industry executives said June 7. These refineries, which were until recently, very reliant on Russian crude and feedstocks, were also having to look farther, which was further complicating the situation….