Refiner Profits Are Soaring in Sign of Lingering Hormuz Snarls
AI Summary
U.S. crude refiners are experiencing some of the highest profit margins in years, indicating ongoing supply chain issues in energy shipments passing through the Strait of Hormuz. Despite increased shipments, disruptions continue to impact global energy markets.
US crude refiners are enjoying some of the best profit margins in years, the latest sign that even as energy shipments pick up through the Strait of Hormuz, there are lingering supply-chain kinks still rippling through global markets.
Markets Commodities Energy Shipping U.S. refiners profit margins Strait of Hormuz energy shipments supply chain global markets