Refinery stocks, including Phillips 66, outperformed the energy sector during Q1 and Q2 due to the rise in gasoline prices compared to crude oil. The recent sharp decline in the crack spread, a ...

The crack spread is the difference between the market cost of the crude derivative product and crude oil and is an important indicator of the profitability of downstream companies. In general, the ...

The NYMEX front month 3:2:1 crack spread fell by 18.1% on a weekly basis. It fell from $16.4 per barrel on December 18 to $13.4 per barrel on December 24. At the start of this week, the crack spread ...

The role of the refiner should not be underestimated as it allows crude products to be altered into a consumable good such as gasoline, diesel fuel or jet fuel. The refiner, just like the producer and ...