Crumbling refinery profits threaten OPEC-led crude rally:
"The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil’s bull run.
A wave of refinery maintenance scheduled in spring could also put downward pressure on crude, analysts said.
Higher oil prices typically quench consumption and squeeze profit margins at refiners that convert the feedstock into gasoline, diesel and aviation fuels."
'via Blog this'
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