PBF Energy: Crude oil flow recovers faster than refined oil products, widening the light-heavy price spread

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智通财经2026/10/29 13:08

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PBF Energy stated that it has identified a series of small to medium-sized projects aimed at increasing refinery operating rates, improving yields, and reducing costs.
The company said that the normalization of the crude oil market may be faster than that of the refined oil market.
The company indicated that freight dynamics and the continuous increase in heavy crude oil supply have widened the price spread between light and heavy crude oil.
The company stated that global crude oil flows have recovered to about 75% of pre-war levels, but refined oil flows remain sluggish.

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PBF Energy: Crude oil flow recovers faster than refined oil products, widening the light-heavy price spread

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