U.S. oil refiners' margins smash records, but few plan to build more plants

May 23, 2022
"Crack spreads" are higher than ever. But investors aren't interested in dumping money into fossil fuel expansion.
A "COVID hangover" is keeping the price of gas high, one expert says.
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There's an oil market crisis even without sanctions on Russian exports

Mar 2, 2022
Brent crude rose above $113 a barrel Wednesday — the highest level in eight years.
Though oil prices have reached the highest levels in eight years, OPEC+ is choosing not to ramp up production.
Frederic J. Brown/AFP via Getty Images

$100-a-barrel oil may soon be a reality — and stick around

Jan 19, 2022
“It is ultimately about supply and demand,” one expert says. And COVID-19.
High oil prices mean high gas prices. The costs at the pump may not go down anytime soon.
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