Post Tagged with: "margins"

Source: Reuters

US oil refiners crank out diesel, further squeezing margins for gasoline

Nasdaq


WASHINGTON – U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.

Refiners, …

Prepare for Steel Tariffs to Squeeze Margins in West Texas, Private Equity Investors Say

Prepare for Steel Tariffs to Squeeze Margins in West Texas, Private Equity Investors Say

Service companies first, then producers

From the Houston Chronicle

The Trump Administration’s steel tariffs will increase costs in the West Texas oil patch at a time when drillers and service firms already faced rising labor and materials costs, investors say.…

March 27, 2018 - 12:52 pm Closing Bell Story‎, Energy News