PBF Energy: Crude oil flow recovers faster than refined oil products, widening the light-heavy price spread
智通财经2026/10/29 13:08Show original
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- PBF Energy stated that it has identified a series of small to medium-sized projects aimed at increasing refinery operating rates, improving yields, and reducing costs.
- The company said that the normalization of the crude oil market may be faster than that of the refined oil market.
- The company indicated that freight dynamics and the continuous increase in heavy crude oil supply have widened the price spread between light and heavy crude oil.
- The company stated that global crude oil flows have recovered to about 75% of pre-war levels, but refined oil flows remain sluggish.
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