01-November-2026
Corporate News
 
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
31-Oct-2026

US oil companies are investing to squeeze out more fuel from refineries and bringing shuttered plants back online in response to conflicts in Russia and Iran that have crimped supplies. ExxonMobil Chief Executive Darren Woods said Friday the company had achieved "record fuels utilization" outside of the Middle East, pointing to 100 percent crude utilization at US Gulf Coast refineries.

News Source:- https://economictimes.indiatimes.com/news/international/business/us-oil-companies-aim-to-squeeze-more-out-of-refineries-as-war-supply-crunch-weighs/articleshow/135383425.cms