CONSUMERS FEEL PINCH AT PUMP AS RUSSIA DRIVES OIL REFINING BOOM
https://media.zenfs.com/en/bloomberg_holding_pen_162/b4e466a2e0baa8ac8e9643dab71cf584
✍️ Oil refiners are making a profit due to a shortage of global supplies, but this is not being reflected at the pump due to ongoing pressure on costs.
👉 Global refinery margins are at their highest level since 2018 👉 Refiners' stock prices are surging due to high profits 👉 Cost of fuel at the pump remains high despite fall in global oil prices 👉 Average price of diesel has risen since President Trump took office 👉 Little change in the cost of gasoline
-- #EugeneLindell #RebeccaBabin #CarolynKissane #AlexLongley #RachelGraham #Russia #Europe #Asia #US #Kuwait #Nigeria #Bulgaria #Netherlands #Romania #India #Turkey #business
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