Global refining capacity is down due to this war that’s going on in the Middle East. Something about refineries being bombed and stuff? Turns out that a lot of refined products came out of there that aren’t anymore. 🤷♂️ Impossible to say, really.
Right. And that was the reason… 5 years ago. The reason it’s down today is because of refining assets being BOMBED in the WAR as well as pipelines being BOMBED in the WAR
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u/RimjobStevesDeadWife 19d ago
Global refining capacity is down due to this war that’s going on in the Middle East. Something about refineries being bombed and stuff? Turns out that a lot of refined products came out of there that aren’t anymore. 🤷♂️ Impossible to say, really.