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US refinery M&A stalls as buyers shun aging assets, uncertain future

Wednesday, February 21, 2024   (0 Comments)
Posted by: Annie Nguyen

US refinery M&A stalls as buyers shun aging assets, uncertain future

 

WASHINGTON/NEW YORK, Feb 16 (Reuters) - The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term...

 

https://www.reuters.com/business/energy/us-refinery-ma-stalls-buyers-shun-aging-assets-uncertain-future-2024-02-16/


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