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...of the world’s rare-earth mining and close to 90 per cent of processing and refining, according to the International Energy Agency....
...“For refiners that can be the last standing, and for companies with a higher risk appetite that are acquiring these ageing assets, there is arguably more money to be made than ever refining crude in Europe...
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...Weakness there bodes ill for the integrated oil companies — and for the global economy....
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...Exxon reported first-quarter net profit of $8.2bn, which was down 28 per cent from $11.4bn on the same period last year because of lower gas prices and refining margins....
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...That said, director Scott Graham and the Frantic Assembly company bring their customary physical eloquence to the piece....
...steelmaker SSAB is among the European winners of a series of US government investments in an $6bn effort to decarbonise manufacturing, across high polluting sectors such as steel, cement, chemicals and fuel refining...
...Ambani’s long-running strategy is to diversify Reliance, one of India’s largest conglomerates, beyond its core assets in oil and gas refining into consumer-facing digital businesses....
...Shell’s $54.2bn in cash flow from operations was the second highest in the company’s history....
...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
...Sinclair said that interest margin on cash, monthly subscriptions and stock lending were likely to be its main revenue drivers in the UK....
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