Sunday, 26 January 2025
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Mohi Narayan

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisAutomotiveBusinessFuelIn-DepthOilTransport

Analysis: Global gasoline refining margins slump on slow summer driving season

Oil refiners' profits are down as demand for U.S. gasoline is seasonally the lowest since 2021

FILE PHOTO: An electric vehicle (EV) by Mercedes-Benz moves on a street in Beijing, China October 31, 2023. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)FinanceNewsOil

Gasoline demand growth to slow this year on EV growth in China, U.S.

Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, driven by a shift to electric cars in China and the...

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