U.S. Refiners Print Money as Global Fuel Supplies Shrink — SkimNews
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- American oil refiners are "printing money" as wars shrink global energy supplies, with RBN Energy's analysis flagging that crack spreads have reached record levels in 2026.
- Valero is set for record profit as the global fuel shortage widens, and Goldman Sachs remains bullish on the sector outlook, according to Investing.com.
Why it matters: Refiners and shareholders are the direct winners — Valero is set for record profit and Goldman Sachs stays bullish on the outlook. Consumers absorb the counterparty cost at the pump, with RBN Energy documenting crack spreads at record 2026 levels that elevate refining margins structurally, not just temporarily.
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