McKinsey lists 5 steps to save portfolio from long-term margin declines in oil refining market
Updated : September 16, 2019 02:12 PM IST
In a recent report by McKinsey & company, the research house discusses how to adjust portfolio in times of decline in global refining market.
The research house also believes that between now and 2035, growth in global oil demand will slow to 0.5 percent per year.
The few sectors with continuing demand growth will be those with poor fuel substitutes, such as aviation, or non-fuel end uses, such as petrochemicals.