U.S. refiners' years-long windfall from cheap crude ends in first quarter

HOUSTON (Reuters) – U.S. refiners’ years-long boom from cheap and plentiful crude ground to a halt in the first quarter as swelling oil inventories and weak demand pushed revenues to their lowest in years and punished profits, results showed on Thursday.


Source: ReutersBusinessNews

U.S. refiners' years-long windfall from cheap crude ends in first quarter