Bloomberg: Euro refineries to shut for repairs
September 25, 2008 at 09:34 AM EDT
[Skip to the end] This happens when margins get too low: cheaper to shut for repairs than to operate at a loss. Saudi output should fall a bid due to lack of demand, but crude prices should hold at their levels. Gasoline prices should increase vs crude prices (crack spreads widen). Shell, BP to Shut Refineries for Repair, Cut [...]