Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why US Refiners Are Running Hot While Oil Drillers Cool Off
Episode 99 of Energy Economics with Fexingo. Lucas and Luna dig into a striking divergence: US refiners are posting fat margins and running near full capacity, while upstream oil producers are barely growing output. WTI sits at $70.55, up nearly 3% on the week, but the rig count is stagnating. Meanwhile, refiners like Valero are seeing crack spreads widen as gasoline inventories tighten. The hosts walk through the structural reasons — from export demand for diesel to the Permian's pipeline constraints — and ask whether this split signals a longer-term shift in how the oil industry…
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