Global oil refiners crank up output as margins recover to pre-COVID levels By Reuters – Investing.com

Global oil refiners crank up output as margins recover to pre-COVID levels By Reuters – Investing.com

By Florence Tan, Roslan Khasawneh and Ahmad Ghaddar

SINGAPORE (Reuters) - Oil refiners are ramping up output to meet a synchronised uptick in demand across Asia, Europe and the United States, but plant maintenance and high prices will constrain supply in the fourth quarter, company officials and analysts said.

This comes as profits for producing ground transportation fuels such as diesel and gasoline have rebounded globally for the first time since the start of the pandemic, as countries gradually emerge from COVID-19 movement restrictions https://www.reuters.com/business/energy/appec-global-oil-demand-seen-reaching-pre-pandemic-levels-by-early-2022-2021-09-27.