U.S. oil refiners are about to report a historic profit surge as the industry takes advantage of supply disruptions.
Plus, Big Blue blew it.
Profit margins for U.S. refiners making gasoline and diesel from crude oil are shattering records, as fuel supply disruptions driven by war lift prices for refined products. The average per-barrel ...
By Yuka Obayashi TOKYO, July 15 (Reuters) - Japanese oil refiners will diversify supply sources while exploring ways to ...
US oil refiners have been running so hard for so long to capture record profits that they’re increasingly vulnerable to equipment breakdowns at a time when global fuel markets already are unusually ...
NEW YORK (Reuters) - Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent ...
The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is ...
Crude oil has fallen sharply from its spring highs, yet many drivers are still paying far more at the pump than they were ...
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2020 has taken a turn for the worse for the oil refiners. Originally well positioned to enjoy a tailwind from the implementation of IMO 2020 regulations (wider heavy crude differentials, stronger ...
Asian refiners are hesitant to buy Iranian oil, leaving China as the primary buyer amid U.S. sanctions relief.
Oil-product shipments from India are on track to climb to their highest level since September as refiners cash in on robust ...