Big Oil Poised For “Exceptional” Earnings Thanks To High Refining Margins ...Middle East

High refining margins and fuel demand in the second quarter are set to lead to exceptional earnings at Big Oil’s refining businesses. Some of the largest international oil majors have already announced expectations of blockbuster earnings from their refining divisions when they report Q2 profits later this month.    The latest company to preview blockbuster earnings in refining was France’s supermajor TotalEnergies, which said on Friday that “Refining & Chemicals results are expected to be exceptional given the very…

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