European refiners are struggling with their weakest market in decades. But some industry watchers have become cautiously optimistic that improved demand, plant closures, and longer OPEC+ supply cuts could put a floor under margins. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Although oil demand has been recovering globally from April lockdown lows, led by a rebound in China, European refining margins remain near decade lows, and have even flirted with turning negative over the last two months. With Dated Brent crude prices surging 30% in November, pushed up by news of a COVID-19 vaccine, refined products in Europe have failed recover at the same pace as the in the US and Asia, weakening margins in the region. Cracking margins for […]