Global Refiners Enjoy Short-Term Profit Surge Amid Tight Fuel Supply, But Challenges Loom
Oil refiners worldwide are experiencing an unexpected boost in profits due to tighter fuel supplies and resilient demand, offering temporary relief to an industry grappling with long-term headwinds. Despite crude oil prices hitting a four-year low in May after OPEC+ accelerated output cuts, refining margins have surged as plant closures and unplanned outages constrain supply […]