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Oil majors resist pressure to invest in new refineries as fuel prices keep rising
Summary by BizToc
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.4 Articles
4 Articles
West’s oil giants cash in on fuel crisis - won’t invest in easing it
Oil majors are reaping billions from the disruption of global fuel supplies triggered by the US war on Iran, yet they are refusing to channel windfall profits into new refining capacity to ease shortages, reports the FT.ExxonMobil...
The big oil companies chose to use the extraordinary profits driven by the war in Iran to distribute billions of dollars to shareholders and reduce debts, despite the calls of political leaders for voluminous investments to expand the refining capacity of the West. Read more (11/01/2026)
·São Paulo, Brazil
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
Factuality
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