Post Tagged with: "worldwide"

Source: Reuters

Explainer: Why is there a worldwide oil-refining crunch?


Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production.


Prices were already elevated before Russia invaded Ukraine on Feb. 24. But

Source: Reuters

U.S. refiners set for strong start to 2022 as fuel prices surge worldwide


U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff in refining capacity and crude oil supplies tightened because of Russia’s war with Ukraine.

Refining capacity worldwide has dropped …