Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining
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High fuel prices are likely to stick around even if oil prices drop in the coming months as the wars in Russia and Middle East leave global refining capacity critically short, ExxonMobil Holdings Corp. and Chevron Corp. warned.
The ongoing conflicts are impacting the refining sector, leading to concerns about sustained high fuel prices despite potential decreases in oil prices.
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“High fuel prices are likely to stick around even if oil prices drop in the coming months as the wars in Russia and Middle East leave global refining capacity critically short, ExxonMobil Holdings Corp. and Chevron Corp. warned.”
Bloomberg — Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining