U.S. refineries are producing the most gasoline and diesel since before the pandemic lockdowns, refining margins are running at record highs, but the world is still short on fuels

Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs because…

US refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. …