07-November-2026
Corporate News
 
Soaring Freight Rates Give US Refiners Edge as Crude Discounts Widen
07-Nov-2026

By Vallari Srivastava and Sumit Saha Nov 6 (Reuters) - The Iran conflict has sent tanker rates soaring, forcing sellers to deepen discounts on heavy crude grades and giving US Gulf Coast refiners a cost advantage over Asian rivals, executives said after reporting bumper third-quarter profits.

News Source:- https://money.usnews.com/investing/news/articles/2026-11-06/soaring-freight-rates-give-us-refiners-edge-as-crude-discounts-widen