U.S. refiners seen posting stronger third-quarter earnings
Wall Street analysts expect Valero Energy, Marathon Petroleum and Phillips 66 to report sharply higher refining earnings, helped by wide crack spreads and supply disruptions abroad.
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U.S. refiners seen posting stronger third-quarter earnings
Wall Street analysts expect Valero, Marathon Petroleum and Phillips 66 to report much stronger refining earnings in the third quarter as margins widen on tight global fuel supplies. The story says U.S. diesel prices remain near record levels and refinery capacity is constrained by outages and disruptions abroad.
MNI EUROPEAN MARKETS ANALYSIS: USD Supported Despite Lower Oil
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Gasoline refining margins ease, still near 4-year high
Gasoline refining margins eased but remain near a 4-year high, according to TradingView News.