World
Chevron CEO Eimear Bonner expects high fuel refining margins to persist
Chevron Corp. CEO Eimear Bonner expects fuel refining margins to remain high for as long as energy markets stay under strain, according to Bloomberg. Diesel, jet fuel and petrol prices remain elevated even though international crude oil prices have fallen by nearly 30% over the past three months. Disruptions to production and maritime transport in two unspecified theatres of war have prevented lower input costs from being passed on fully to consumers. The available information does not indicate how long these market pressures may last.