Australia's Caltex to Extend Refinery Shutdown Amid Coronavirus Pandemic

Takeover target Caltex Australia Ltd on Monday said it would bring forward and extend the planned shutdown of its sole oil refinery Lytton refinery to ward off the expected hit to refining amid the pressures on demand from the coronavirus pandemic. The company said that operations at the refinery will restart once margin conditions recover.

(Reporting by Shreya Mariam Job; Editing by Shri Navaratnam)