Tag: crack spread
American refiners losing profit edge over international competitors
US crude oil production declines, beginning on a year-over-year basis in Dec. 2015, contributed to tighter crude oil market in North America Earnings per barrel of crude oil and other inputs processed by refiners that operate mainly in North America were lower in the second quarter of 2016, according to the US Energy Information Administration. […]
New EIA website spotlights key drivers of petroleum product prices
Website enables users to track relationship between gasoline, distillate prices, inventory levels The US Energy Information Administration recently released the What Drives Petroleum Product Prices website that identifies and tracks several fundamental and financial market factors that influence spot and futures prices of gasoline and distillate, the two most consumed petroleum products in the US. This […]
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