Royal Dutch Shell said on Thursday it plans to shift its Shell Rheinland refinery at Wesseling in Germany away from crude oil and towards low or zero carbon products from 2025.
Oil prices have recently hit seven-year highs but declined earlier this week.
Traders are buying up cheaper raw materials after the fall in the cost of futures of both brands following the previous session results.
Oil price increased due to data on a sharp decline in US stocks.
Oil prices continue to rise on Monday after a steady rise last week.
The decline in coal consumption slowed down but did not stop.
Over the past week, world oil quotations have experienced serious volatility.