Refinery Margins Decline In Europe – Murphy, Phillips 66 Pulling Out – ValueWalk Premium
Regional Refinery Margins

Refinery Margins Decline In Europe – Murphy, Phillips 66 Pulling Out

Given the incessant decline in European refinery margins, many U.S. firms are seeking to sell off their European assets. Murphy Oil Corporation (NYSE:MUR) is one of those giants looking to offload its U.K. downstream assets. Its 130,000 bbl per day Milford Haven refinery in Wales may be reduced to a petroleum storage terminal after sell-off.

In the northwest, Phillips 66 (NYSE:PSX) is

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