Predict Record Profits for U.S. Refineries
4 Articles
4 Articles
Refineries are gaining record margins for diesel and other fuels as global supply drops and prices skyrocket
American oil refiners Valero Energy, Marathon Petroleum and Phillips 66 are on track to report record profits for the third quarter of 2026. The reason is a combination of military conflicts in the Middle East and Ukraine, limited fuel supplies and rising oil prices, The Wall Street Journal reports. In the second quarter, the three companies achieved near-record results. Analysts expect their new reports to surpass those indicators, as the diffe…
The largest United States oil refineries expect record profits in the third quarter against the background of fuel-deficit conflicts in the Middle East and Ukraine: the profits of the largest oil refineries in the third quarter will increase significantly due to the conflicts in the Middle East and Ukraine, which have reduced the world ' s energy reserves and forced the world to look for new sources of fuel, written The Wall Street Journal.…
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