Total Closure Europe's biggest refiner, Paris based Total SA, is expected to announce today plans to end processing at its Flanders plant, which represents 137,000 barrels of capacity, or 72 percent of French crude consumption "In a Darwinian fashion, this materially aids margins for surviving refiners," said James Schofield, an analyst at Bank of America Merrill Lynch in London The last time the refining industry contracted this much was the early 1980s, coinciding with four years of declining oil demand following crude's surge after the Iranian Revolution 
Share:  <span class="company">Total</span> Closure Europe's biggest refiner, Paris based <span class="company">Total</span> SA, is expected to announce today plans to end processing at its Flanders plant, which represents 137,000 barrels of capacity, or 72 percent of French crude consumption<span class="sent"> "In a Darwinian fashion, this materially aids margins for surviving refiners," said <span class="analyst">James Schofield</span>, an analyst at Bank of America Merrill Lynch in London</span> The last time the refining industry contracted this much was the early 1980s, coinciding with four years of declining oil demand following crude's surge after the Iranian Revolution...<span class="company">Total</span> Closure Europe's biggest refiner, Paris based <span class="company">Total</span> SA, is expected to announce today plans to end processing at its Flanders plant, which represents 137,000 barrels of capacity, or 72 percent of French crude consumption<span class="sent"> "In a Darwinian fashion, this materially aids margins for surviving refiners," said <span class="analyst">James Schofield</span>, an analyst at Bank of America Merrill Lynch in London</span> The last time the refining industry contracted this much was the early 1980s, coinciding with four years of declining oil demand following crude's surge after the Iranian Revolution Tweet this