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7.4

Projected 20% decline in European oil refining capacity by 2035 necessitates import diversification

European refining capacity is forecast to contract by 20% by 2035, creating a structural supply deficit for oil derivatives. The region will likely increase reliance on Middle Eastern, Asian, and African refineries, though global export volatility and ongoing conflicts introduce significant uncertainty regarding supply security and price stability.

Al Jazeera AR2 days agoIN, SA, AE, CN, DE, FR, IT, ESCredibility 47%View source

Score Breakdown

Mosaic Score7.4
Confidence0.5
Significance0.8
Source credibility0.5

Intelligence Tags

#refining#energy security#oil derivatives#supply chain#energy transition

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