Refining Continues Moving East

June 6th, 2025:The impact of a shifting refinery landscape Last week, we focused on the increasingly challenging refining situation on the U.S. West Coast and the implications for product flows. The problems facing refineries in California are not unique. As a matter of fact, all over the world, refineries are facing higher operating costs and increasing regulatory burdens. In March 2025, consultancy Wood Mackenzie (WoodMac) published a report about the global refining market over the next 10 years with a focus on the ones that are most at risk of closure. For the tanker market, these are key factors driving potential changes in trade flows, both for crude oil and refined products. Even in a market scenario where global oil demand growth is slowing down due to the increasing penetration of renewable energy, the changes in trade flows are important factors to consider for shipowners. Please fill in below form to continue read.