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VIRUS OUTBREAK

Singapore refineries starting to cut output amid pandemic pains

Production runs are down 25% from pre-Covid-19 levels; more pain could come, but demand is improving, crude supply easing

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Even as analysts highlight the challenging situation, refineries here say they remain focused on providing energy supplies.

Singapore

REFINERIES in Singapore have started to cut output and bring forward maintenance shutdowns amid plunging demand as the world remains mired in the Covid-19 pandemic and volatility grips the oil market.

Harrison Cheng, associate director at Control Risks noted that one...

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