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U S oil refiners set for first profit since onset of pandemic | Hellenic Shipping News Worldwide

U.S. oil refiners set for first profit since onset of pandemic U.S. oil refiners are set to post their first quarterly profit since the COVID-19 pandemic, even though higher oil prices and weaker margins in June have tamed analysts’ optimism fostered by the rebound in fuel demand. U.S. gasoline and diesel fuel demand has nearly recovered to 2019 levels following the plunge in travel and business activity during the worst of the coronavirus pandemic in 2020. Refiners ramped up processing on the back of the resurgence in activity, but are also grappling with higher crude oil prices CLc1, which have surged 48% this year.

D C Circuit Court Sends 2019 RFS Back to EPA, Rejects Biofuels Argument on Gallons Lost to Exemptions

About DTN DTN delivers accurate, objective, real-time, and actionable insights to increase our 2 million customers’ confidence and support their business decisions. In a data-rich world, our actionable insights in weather and financial analytics make sense of the information, drive change in processes and help businesses prosper. They empower our agriculture, energy and transportation customers – those who work endlessly to feed, fuel and protect our world. We believe that when our customers are supported with the most reliable and innovative information to the Nth Degree, they prosper and we all win. DTN is based in Minneapolis with offices globally.

U S oil refiners set for first profit since onset of pandemic - Governors Wind Energy Coalition

Governors Wind Energy Coalition U.S. oil refiners set for first profit since onset of pandemic Source: By Arathy S Nair, Reuters • Posted: Wednesday, July 28, 2021 July 28 (Reuters) – U.S. oil refiners are set to post their first quarterly profit since the COVID-19 pandemic, even though higher oil prices and weaker margins in June have tamed analysts’ optimism fostered by the rebound in fuel demand. U.S. gasoline and diesel fuel demand has nearly recovered to 2019 levels following the plunge in travel and business activity during the worst of the coronavirus pandemic in 2020. Refiners ramped up processing on the back of the resurgence in activity, but are also grappling with higher crude oil prices , which have surged 48% this year.

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