Global Crude Refining Pressures from Ukrainian Attacks
Global crude refining capacity is operating under severe strain with minimal flexibility, according to energy analyst Bob McNally. The refining system faces mounting pressure from Ukrainian attacks on Russian refineries and US facilities already running near maximum capacity, while geopolitical tensions threaten key chokepoints like the Strait of Hormuz.
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Global Crude Refining Has No Margin for Error, Says Rapidan’s McNally
Global crude refining capacity is operating under severe strain with minimal flexibility, according to energy analyst Bob McNally. The refining system faces mounting pressure from Ukrainian attacks on Russian refineries and US facilities already running near maximum capacity, while geopolitical tensions threaten key chokepoints like the Strait of Hormuz.
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