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Crude oil surpassed $100 per barrel amid escalating Middle East tensions, US strikes on Iranian tankers, and Ukrainian attacks on Russian refineries. Severe refinery constraints are driving refined f…
U.S. diesel prices reached a record $5.85 per gallon as domestic refineries run near full capacity at 98%. With little room to boost output and wide crack spreads driving crude processing, tight refi…
Marathon Petroleum smashed earnings estimates as refining margins nearly doubled amid tight U.S. refinery capacity, while WTI crude slipped $7.49 in a single day, highlighting a widening crack spread…
Exxon missed Q2 estimates due to refinery maintenance timing while Chevron beat with record profits and 97% refinery utilization. Both cut significant debt; oil majors benefit from Hormuz Strait disr…