Giant oil companies will reportedly shy away from closing sickly European refineries, preferring instead to trim costs or seek buyers for the struggling units, according to analysts.
Related News
29 Jan 2026
Oil Prices Surge 3% on Worries of US Action Against Iran
Oil prices climbed about 3% to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the U.S.
29 Jan 2026
U.S. Sends Additional Warship to Middle East Amidst Iran Tensions
The U.S. Navy has sent an additional warship to the Middle East, a U.S. official told Reuters on Thursday, amid a large military…
29 Jan 2026
Wärtsilä to Provide Electric Propulsion Solution for Third Molslinjen Ferry
Wärtsilä will supply a fully integrated electric propulsion system with waterjets for a new high-speed catamaran ferry being…
28 Jan 2026
HII’s Newport News Shipbuilding Marks 140 Years of Service
HII’s Newport News Shipbuilding division is marking 140 years of service to the US today, January 28, 2026.On Jan. 28, 1886, Collis P.
Sponsored Content
Why Shipowners Around the World Choose D-I Industrial’s Quiet Reliability
Consistent, durable performance that completely fixes breakdowns, delays, and demanding maintenance.
When Marine Systems Are Judged by What They Endure
Inside a Manufacturer That Builds Power, Control, and Auxiliaries for Continuous Use