Oil Analyst Sankey Warns of Rising Risks in Refining
Oil analyst Paul Sankey warns that the crude oil refining system is operating under tight conditions, with unusually large profit margins between crude oil prices and refined products like gasoline and jet fuel. Sankey predicts the US Strategic Petroleum Reserve will be depleted by September, which could further strain the refining market and elevate risks in the energy sector.
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Oil Analyst Sankey Warns of Rising Risks in Refining
Oil analyst Paul Sankey warns that the crude oil refining system is operating under tight conditions, with unusually large profit margins between crude oil prices and refined products like gasoline and jet fuel. Sankey predicts the US Strategic Petroleum Reserve will be depleted by September, which could further strain the refining market and elevate risks in the energy sector.
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