Oil Refiner Renaissance Under Threat From Natural Gas Crisis
- IEA says there has been a sharp increase in refiners costs
- Hydrogen-reliant oil processing hit by natural gas price surge
Photographer: Emmanuel Dunand/AFP/Getty Images
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Surging prices for natural gas are threatening to eat up the profit some oil refiners are making on their fuels, forcing them to cut processing rates and even altering normal crude-buying patterns.