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ExxonMobil temporarily shut its 275,000 barrel-per-day Joliet refinery in Illinois following a power outage. Power was restored within hours, but the incident highlights elevated operational strain a…
Chevron shows strong momentum supported by high oil prices, refining shortages, and robust dividend yields, outperforming ExxonMobil year to date. Generating $500 monthly dividend income requires rou…
Escalating Middle East conflict and structural refinery shortages have triggered severe global fuel shortages. Diesel crack spreads and US pump prices have hit record highs, prompting hedge funds to …
Piper Sandler raised its Brent crude forecast by $10 to $90 per barrel, citing tightening global balances driven by Middle East supply constraints and Russian refining cuts. The firm warned that $90 …
President Trump will meet with US oil refiners to discuss strategies for lowering persistently high gasoline prices, potentially including policy changes to bolster domestic refining capacity and unl…
Major oil companies warn refining capacity is critically tight, pushing crack spreads and fuel prices higher despite crude futures pulling back on peace-talk optimism. Diesel and gasoline supply crun…
Trump criticized ExxonMobil and Chevron for excess profits amid oil price surges from Iran conflict. Analyst notes refiners lack capacity to increase output, limiting ability to lower consumer costs …
Refiner stocks (MPC, VLO, PSX) surged 24-59% since the U.S.-Iran conflict began, outpacing energy sector and S&P 500 due to record crack spreads from a global refining capacity shortage.