Are US citizens allowed to go to Hong Kong?
The U.S. refining landscape is experiencing a contraction in capacity. For instance, in regions like California, the number of active refineries is projected to decrease to 11 by the end of 2026. Recent trends include the conversion of existing refining facilities to renewable fuel production and the planned closure of several large-scale refineries. Industry analysts and companies have identified rising regulatory compliance costs, shifting demand, and weak refining margins as primary drivers for these closures and reconfigurations across the country.
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