Monday , June 1 2020

Covid-19 is going to hasten demise of many oil refineries

Bloomberg Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated? We’re about to find out. When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting processing rates and even temporarily stopping refining ...

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Trump should stop acting like owning it all

Nobody in business likes auditors: They can be intrusive, meddlesome second-guessers. But managers of publicly traded companies understand that independent auditing is essential, because it protects shareholders against fraud and wasteful spending — and maintains public confidence in the enterprise. President Trump spent most of his career managing a private ...

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