refining capacity
Coverage of refining capacity in the Nexus archive.
- Exxon, Chevron warn fuel prices to endure as war knocks refining
ExxonMobil and Chevron warn that fuel prices will remain high despite falling oil prices due to global refining capacity shortages caused by wars in Russia, the Middle East, and China’s export ban. Refineries operating at full capacity cannot meet demand, leading to record fuel-making margins and sustained price increases for consumers.
- Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining
ExxonMobil Holdings Corp. and Chevron Corp. warned that high fuel prices will persist despite potential oil price drops due to critically low global refining capacity caused by wars in Russia and the Middle East.
- Why gasoline prices don’t always move in lockstep with crude oil prices
Gasoline prices do not always align with crude oil price movements due to differing supply chains, refining constraints, and market dynamics. Crude oil accounts for over half of gasoline costs, but refining, transportation, and distribution factors also influence prices, which lag behind crude oil changes as physical supply chains operate over weeks or months.