Tag: OilRefining

Recession Worries, Dollar Gains Sink Oil By 6% To 4-Week Lows

Why There Is A Worldwide Oil-Refining Crunch? Here’s An Explainer

Posted on June 22, 2022 by Alex John

[ad_1] The refining industry estimates that the world lost 3.3 million barrels of daily capacity since 2020. Drivers around the world are feeling pain at the pump with fuel prices….