Refining Profits Soar Amidst Global Disruptions
Update: 2025-11-18
Description
Global refining margins soar amidst Russian sanctions and outages, defying expectations and boosting profits for major oil companies. Despite crude oil price pressure, the three-two-one crack spread in the US reaches near-decade highs. Experts predict tight market conditions to persist, supporting Brent crude oil prices and encouraging increased refining activity.
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