U.S. refineries are operating at about 97% capacity as they compensate for global refining capacity lost to war damage elsewhere. Now, upcoming run-of-the-mill maintenance adds even more pressure on markets.
The U.S. says our forces in the Middle East have been keeping oil traffic flowing through the Strait of Hormuz, but independent trackers can't account for all of it.
A year after many Canadians boycotted travel to the U.S., border crossings have risen slightly. In northeastern Vermont, businesses are doing what they can to welcome Canadians back.
A glut of polyethylene had squeezed U.S. producers for years. But the war in the Middle East disrupted the global plastics market, sending prices higher and improving margins for producers along the U.S. Gulf Coast.