Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Refiners Are Still Making Money Even as Oil Rebounds
After weeks of falling crude prices, oil has bounced back to $91 a barrel. But while that might seem bad for refiners — who buy oil as their raw material — the latest data shows refiners are still printing money. In this episode, Lucas and Luna break down the crack spread mechanics, why WTI's rise hasn't crushed margins, and how the calendar roll in futures markets is giving refiners an extra tailwind. They look at specific numbers from the latest EIA report, discuss why gasoline prices remain stubbornly high, and explain why the refiner profit story is more durable than most…
The skinny
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