Independent refiners in US hit by Opec output deal
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE Organization of the Petroleum Exporting Countries (Opec) has just made the life of independent US refiners a little harder.
The jolt to crude prices following the cartel's deal to limit output comes just as mounting fuel inventories prevent refiners from passing rising costs to distributors. The BI North America Refining & Marketing index fell 4.6 per cent on Thursday, the most since June 27.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
