Liam Denning, Columnist

Oil Refiners Get a Taste of an Electric Future

The price difference between a barrel of crude and a barrel of petrol offers a glimpse of things to come for the industry.

October 25, 2023 at 10:30 AM UTC

By Liam Denning

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

The road ahead.
Photographer: Brandon Bell/Getty Images North America

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Here’s a glimpse of the future:

Not the sort of futuristic vision associated with the likes of Elon Musk, but Musk-adjacent nonetheless: It’s a portent of electric vehicles taking over.