Oil Refining Margins Bounce Back To Pre-Crisis Levels

Recovering fuel demand and additional demand for oil products amid record-high coal and natural gas prices have pushed up global oil refining margins to their pre-pandemic levels.   For the first time since COVID crippled fuel demand and margins in early 2020, refining margins in the key regions Asia, Europe, and North America have rebounded strongly in recent weeks, according to analysts and company officials who spoke to Reuters. Globally, refinery activity continued to disappoint in the third quarter, with lower throughputs in China and…