Sentences with phrase «refining margins»
"Refining margins" refers to the profit that a company earns from refining raw materials, such as oil or metal, into a useful and valuable end product. It represents the difference between the cost of the raw materials and the selling price of the refined product. Full definition
HOUSTON Weak refining margins hurt Exxon Mobil Corp and Chevron Corp's first - quarter profit, cutting into overall gains from rising oil prices.
reuters.com
It says that you could increase potential refining margins in Alberta, and thereby potentially stimulate more refining capacity, by blocking pipelines, but you'd be doing that by forcing a discount on Alberta crude.
HOUSTON, April 27 (Reuters)- Weak refining margins hurt Exxon Mobil Corp and Chevron Corp's first - quarter profit, cutting into overall gains from rising oil prices.
Betting on other spreads has worked better with refining margins increasing sharply this year, as heavy demand for distillates has boosted those margins by more than 50 % in the last two months.
Chevron posted a sharp drop in quarterly profit that still beat Wall Street's expectations due to cost cuts and strong refining margins.
For example, refining margins tend to expand when oil prices decline as the savings refiners reap from using cheaper crude to make gasoline and other products aren't immediately passed on to consumers at the pump.
For the oil - trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.
U.S. refining margins rallied to the highest in nearly two years early this month.
The industry as a whole has been churning out gasoline hard for the past year, as a golden period of refining margins emerged out of the ashes of the crude oil rout.
If the Canadians are given the ability to export their oil to other countries, it could negatively impact U.S. energy security, U.S. gasoline prices, and Midwest refining margins.
The increase signals growing demand for Saudi crude and improved refining margins in Asia thanks to the supply disruptions in the Gulf of Mexico that Hurricane Harvey caused.
Meanwhile, fourth - quarter earnings came in lower than expected due to high E&P expenses and shrinking refining margins.
Sagging oil prices and weak refining margins as well as a bunch of one - offs are blamed.
That domino effect will push up refining margins worldwide.
[3] BP's annual global indicator refining margins were $ 4.44 per barrel, compared to $ 4.00 per barrel in 2009.
«So the oil companies have reduced refining margins and are now fighting to maintain market share on the street which is lower and lower gasoline prices,» says McKnight.
ExxonMobil's long ‑ term outlook is that industry refining margins will remain subject to intense competition as, in the near term, new capacity additions outpace the growth in global demand.
Refining margins in Europe , for instance, fell more than 14 percent in the quarter and were on track for a 38 percent drop in the second period, the biggest quarterly decline since the fourth quarter of 2015.
HOUSTON, April 27 Weak refining margins hurt Exxon Mobil Corp and Chevron Corp's first - quarter profit, cutting into overall gains from rising oil prices.
Weak refining margins hurt two of the world's largest integrated energy companies for the second consecutive quarter, although Chevron Corp's oil production gains in the first quarter outshone its larger rival Exxon Mobil Corp.
The news came as Chevron also reported a sharp drop in third - quarter earnings that still beat Wall Street's expectations due to cost cuts and strong refining margins.
Other rivals, including Exxon Mobil (xom) and Chevron (cvx), reported sharply lower in quarterly results last week due to lower oil prices and weaker refining margins.
The world's top oil and gas companies, including Exxon and Chevron, reported sharp drops in quarterly results last week due to lower oil prices and weaker refining margins.
«Refining margins are healthy worldwide and global demand is healthy,» said RCMA Asset Management Chairman Doug King, whose Merchant Commodity Fund runs some $ 190 million in commodities.
As a result, you may see a small increase in refining margins for those refiners with firm shipping capacity on Energy East, along with a decrease in refining margins for in - land refineries in Alberta.
Weak refining margins hurt two of the world's largest integrated energy companies for the second consecutive quarter, although Chevron's oil production gains in the first quarter outshone its larger rival Exxon Mobil.
Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.
ISHARES S&P / TSX CAPPED ENERG Ticker: XEG / TSX Oil companies will likely beat expectations when they announce earnings over the next two weeks based on the recent strength in crude prices and refining margins.
Given 85 per cent of Caltex earnings are from fuel - related sales and refining margins, «even the smallest level of electric vehicle penetration would have a material impact on earnings,» the fund wrote on its website in October.
So, you'd dissipate the rents in refining margins and a little bit more employment, and lose on the royalties.
The energy sector rose by 11 per cent, largely reflecting strong oil prices and refining margins and several exploration successes.
The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $ / gal, exchange rate: 1 $ = 1.326 $) with crude oil prices 100 $ / bbl and 150 $ / bbl.
At the same time, refining margins are strong and with the switch to cheaper winter grade gasoline in the coming month, ample supply of discounted gasoline will be available to motorists.