Looking at the refining industry through strict glasses.
Refining group was under supply pressure on the second day of the week and Shabender dragged the whole group into the red range! The market is still concerned about the profitability of the companies and behaves with some doubt in this group. From our point of view, the biggest problem at the current stage is the lack of buyers, which makes sellers have more power. In this report, we're going to look at refinery profitability through a different lens and see how valuable the companies are...?