refining margins

US refiners sustained $5.2 billion in shareholder returns during Q3, maintaining their commitment amid declining profits due to weak refining margins.

European refiners, including TotalEnergies and Neste, face significant drops in profit margins amid decreasing demand.

BPCL anticipates further reductions in oil prices from Middle Eastern producers due to dropping fuel margins, while also increasing imports of discounted Russian crude.

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 …