Refineries will have to find a way to navigate both the move to decarbonization and the demand uncertainties brought on by the pandemic, the International Energy Agency said March 17. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its latest medium-term oil report Oil 2021, IEA said “successfully managing the energy transition” will be the most important challenge for refiners in the coming years. The report also said that the outlook for the refining sector is grim despite a modest rise in oil demand as chronic overcapacity is likely to persist. Refiners will have to evolve as dominance of transport fuels ends and make way for the […]