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Independent refiners in US hit by Opec output deal
Published Fri, Sep 30, 2016 · 09:50 PM
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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.
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