More refinery closures coming, BofA predicts

More refineries are likely to close down in 2021-23 as capacity expands more quickly than demand, despite a healthy gasoline outlook, BofA has said.
A refinery stands next to Charles H. Milby Park in Houston, Texas, U.S., on Sunday, March 8, 2020. Houston has been purposefully going green for more than a decade. The municipal government gets 92% of all the power it uses in the buildings it owns from wind and solar and has been on the U.S. Environmental Protection Agency's list of the largest renewable power users since 2016. Photographer: Sharon Steinmann/Bloomberg

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