5 Energy Stocks Cashing In On The New Energy Crunch

Source Summary

U.S. refiners are experiencing strong earnings as global refinery throughput fell nearly 5 million barrels per day below year-earlier levels in July due to constraints in Middle Eastern refineries and Ukrainian attacks reducing Russian processing to near 20-year lows. Despite Brent crude falling to around $90 per barrel from a wartime peak of $126, refined fuel shortages have deepened, prompting U.S. refiners to operate at or near record utilization rates and increase exports.