 
            Refining Margins
Refining Rhapsody: Soaring Margins Ignite Crude Market, Fueling Profit and Price Volatility
As of October 30, 2025, the global crude oil market is experiencing a significant upheaval, largely driven by exceptionally strong refining margins. This phenomenon, fueled by a confluence of geopolitical tensions, supply chain disruptions, and robust demand for refined products, is creating a lucrative environment for refiners while simultaneously introducing