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Crude oil processing 9% lower in August due to weaker demand

Crude oil processing 9% lower in August due to weaker demand

Tue, Sep 20, 2022

The global demand for transportation fuels and other refined products surged after reopening of economies post-pandemic. This surge in demand helped refineries to make extraordinary margins. Higher margins, in turn, prompted the government to impose windfall tax on exports of fuels.

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