American Oil Refiners Are Printing Money as Wars Shrink Global Energy Supplies
U.S. refiners post record Q3 earnings as wars tighten global fuel supplies, driving diesel crack spreads to $113 a barrel.
15 trends tracked about this subject — the full history, oldest to newest below.
U.S. refiners post record Q3 earnings as wars tighten global fuel supplies, driving diesel crack spreads to $113 a barrel.
Ukraine asserts that its targeted attacks have disabled over half of Russia's total oil refining capacity.
Ukraine claims its deep strike campaign has disabled more than 50% of Russia's oil refining capacity, signaling a major shift in strategic targeting.
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Russian crude output fell in August as intensifying Ukrainian strikes degrade oil-refining infrastructure, according to multiple reports.
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Ukrainian drone strikes have targeted a major oil refinery in Yaroslavl and a Tu-95MS bomber at the Engels airbase, impacting Russian fuel production.
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Investors cash in on the Iran war oil boom as energy prices surge, though maintaining the trade grows increasingly difficult.
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Ukraine has launched a sustained military campaign targeting Russia's largest oil refining cluster over two consecutive days.
Global oil refining recovery is under threat as geopolitical conflict and diesel shortages push US refineries to breakneck speeds.
Consumers face elevated gas and diesel prices driven by refining margins and supply crunches even as crude oil prices begin to steady.