The Refining Conundrum: A Momentary High or a Lasting Shift? The recent surge in refining profits has left investors and policymakers with mixed emotions.
On one hand, record breaking downstream earnings from oil majors like Exxon, Chevron, and BP are a welcome respite from the sector's long standing woes.
However, this "golden era" may be nothing more than a temporary reprieve from the ongoing struggles.