New post:
Flush with an influx of crude oil, independent global refiners are refining at breaking speed. Oil traders who bought at the lows in February ($26.01) are unloading to downstream channels. These sales should continue and will help E&P balance sheets, but only so much, as losses have greatly damaged the industry. Continued sales and revenue will repair the losses and allow for more seemingly comfortable M&A and integration.
Read more at Investing.com
