Story thread · 15 reports / 10 sources

Middle East War Triggers New Global Refining Boom

oilprice.com · 6dShare

For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefitting the world’s biggest oil companies and top refiners. The war in Iran has tightened fuel supply as crude oil has struggled to move through the Strait of Hormuz, triggering reduced refining throughput in Asia and a temporary Chinese ban on exports. The fuel markets tightened even more than the crude market to send refining margins to record highs. And the biggest refiners benefited from the new refining…

First report: (LEAD) S-Oil shifts to Q2 profit on high refining margins, lubricant sales — en.yna.co.kr, 8d