Oil refiners reduce output as coronavirus kills fuel demand

LONDON (Reuters) - European oil refineries are reducing operations as they face an unprecedented fall in fuel demand brought about by the coronavirus pandemic.In the United Kingdom, INEOS shut down a 35,000 barrels per day crude unit at its 200,000 bpd Grangemouth refinery on March 17, according to industry monitor Genscape. A source familiar with the plant's operations said the shutdown was related to deteriorating profit margins for fuels produced at a refinery including aviation and motor..