Home » Industries » US oil refiners to keep running at breakneck speeds in fourth quarter
US oil refiners to keep running at breakneck speeds in fourth quarter
Biden costing Americans more money by accusing big oil of ‘war profiteering’: Gov. Kevin Stitt
Gov. Kevin Stitt, R-Okla., reacts to the president attacking oil companies for making too much money, telling ‘Cavuto: Coast to Coast’ that Washington should look to Oklahoma for common sense energy solutions.
U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters.
The refining industry has minted huge profits this year on buoyant demand for gasoline, diesel and jet fuel. Fourth-quarter outlooks should keep earnings high even as gasoline consumption slips during the winter.