Refiners have been riding a wave of favourable pricing and demand as pandemic-era closings boosted margins
. Alternating periods of higher demand for products have also helped, with jet fuel recently sprinting higher as diesel fell off.
Top U.S. refiner by volume Marathon Petroleum is forecast to show a per share profit of $5.71 compared to $1.49 a year ago, while Phillips 66 could deliver a $3.60 per share, compared to $1.32 a year ago, according to Refinitiv. Both are scheduled to report in early May.this month signalled its refining profits could reach $3.55-billion for the period compared $332-million a year ago, which was hurt by high maintenance costs.
The U.S. refining crack spread, a proxy for profit from processing a barrel of oil into fuels, is hovering around $30 per barrel, $10 lower than a year ago, Refinitiv data showed.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Simone Biles Marries Jonathan Owens In Intimate City Hall Ceremony: ‘First Day Of Forever’Simone Biles is officially Mrs. Owens! The four-time Olympic gold medalist took to Instagram on Saturday to announce she and Jonathan Owens have tied the knot. The wedding ceremony appeared to be a party of four: Biles, Owens, the judge who married them and the photographer who snapped pics of the momentous occasion. In the launch image,…
اقرأ أكثر »
Toxic drug deaths response, care now top priority for First Nations Health Authority - Terrace StandardToxic drug deaths response, care now top priority for First Nations Health Authority
اقرأ أكثر »
Atypical Los Angeles Kings roster giving Edmonton Oilers a run for their money in first roundIt’s light on Canadians, heavy on undrafted free agents and has been hard on the Edmonton Oilers in this first\u002Dround playoff series.
اقرأ أكثر »
Silver Tunes is first Woodbine winner of 2023Silver Tunes, a six\u002Dyear\u002Dold mare ridden by Amanda Vandermeersch, dominated the 4 1/2\u002Dfurlong claiming race to open the Woodbine season.
اقرأ أكثر »
Pandemic portraits: Images captured in first year of COVID-19 compiled in new bookThe Royal B.C. Museum turned artist Adad Hannah’s static video portraits of people in his Burnaby neighbourhood over the first year of the pandemic into an exhibit, and now a book
اقرأ أكثر »
First months on throne show King Charles wants to engage, but Canadians skepticalKing Charles III's first months on the throne have shown he's a monarch who will take an active role in different causes and is ready to engage with the public, royal experts say.
اقرأ أكثر »