While electric car and truck sales have grown more slowly than expected in recent years, prompting governments to rethink clean fuel targets and automakers to slow the pace of EV production, electric motorcycles are becoming increasingly popular in certain parts of the world. Two-wheel vehicles have long been popular in busy cities and low-income countries, and now, largely due to rising fuel prices, many are investing in electric two-wheelers. The United States-Israeli attacks on Iran in February, which led to the ongoing Iran War and spurred…
Refining & Products Context
Downstream margins — or crack spreads — have experienced considerable volatility as refinery operators navigate feedstock cost fluctuations, product demand seasonality, and evolving fuel specifications. Gasoline and distillate margins serve as key profitability levers for integrated refiners.
Refinery utilization rates, particularly in the U.S. Gulf Coast and Northwest European hubs, directly influence product availability and pricing. Unplanned outages, scheduled turnarounds, and weather-related disruptions are recurring factors that tighten regional product supply.
What to Watch
Key metrics to watch include refinery utilization rates, weekly distillate inventory builds or draws, and crack spread movements, which serve as real-time indicators of refining profitability across major processing hubs.
Read original article at OilPrice.com