
Global oil refining profits have surged as outages and maintenance reduce refining capacity worldwide. The IEA raised its European throughput forecast for the coming months, and an analyst expects margin strength to persist without new plants.
Strong refining margins encourage refiners to run harder, which supports crude demand, while tight product markets keep diesel and feed-adjacent costs elevated.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.