US fuelmakers to report lower Q3 profits on weaker margins, fuel demand
October 23, 2024
(Yahoo Finance) – NEW YORK – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins to record levels. U.S. gasoline and diesel
