Reported 3 days ago
Global oil refiners are currently benefiting from higher margins due to a tight supply of fuels, spurred by plant closures that align with peak summer demand. Despite falling crude oil prices and concerns over economic slowdowns, refining margins have seen a significant rise as operational refineries capitalize on the increased market demand. Analysts warn, however, that this boost may be temporary due to potential impacts from trade wars and rising production levels.
Source: YAHOO