Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins slumped about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. Shares of the refiner were down nearly 3% on Friday.
Diamond Green Diesel approves a SAF project at Port Arthur, Texas (U S )
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Refiner Valero beats profit estimates on resilient demand, tight supplies
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Bravo Zulu closer to reality | News, Sports, Jobs
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