US Refiners’ Q2 Profits Fall on Low Margins, Soft Fuel Demand

(Reuters) U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins, energy analysts said. Refiners ramped up processing capacity in the three months ended June 30 to 93.5%, compared with 91% in the prior-year period, to meet an expected … Read more