US refiners sustained $5.2 billion in shareholder returns during Q3, maintaining their commitment amid declining profits due to weak refining margins.
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refining margins
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European refiners, including TotalEnergies and Neste, face significant drops in profit margins amid decreasing demand.
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BPCL anticipates further reductions in oil prices from Middle Eastern producers due to dropping fuel margins, while also increasing imports of discounted Russian crude.
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The fourth quarter of 2023 was a tough one for U.S. oil refiners, who saw their earnings plummet compared to the same period a year ago. The main reasons were …