Energy Valuation Insights

A weekly update on issues important to the oil and gas industry

Downstream Analysis

How Sweet It Was

Refiners anticipated crude oil exports would increase when the export ban was lifted which reduced excess supply in the US and relieved the downward pressure on market prices. Once the price of crude increased in the US, refiners profit margins shrink, and profits shrank as expected. But with falling crude prices worldwide, the compression of downstream margins cannot be explained by the story refiners expected.

Oil & Gas

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