U.S. refiners forecast strong first-quarter earnings as margins on gasoline and diesel sales improved, refining capacity fell sharply and crude supplies tightened due to the Russia-Ukraine war.
Global refining capacity has declined amid the coronavirus pandemic, with several less profitable refineries closing in the past two years. However, global fuel demand has rebounded to near pre-pandemic levels, boosting the profits of facilities still operating.
Seven U.S. independent refiners are expected to earn 61 cents a share, compared with a loss of $1.32 in the first quarter of 2021, according to Refinitiv's IBES.
By 2022, gasoline and distillate zinc stearate emulsion.
Overview of zinc stearate emulsion
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