U.S. Refiners' Profits Decline
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diesel cracksReuters
•US fuelmakers to report lower Q3 profits on weaker margins, fuel demand
81% Informative
Refiners have come off favorable pricing and strong demand after the pandemic and Russia 's invasion of Ukraine boosted margins to record levels.
Valero Energy , the second -largest U.S. refiner by capacity, is set to kick off refiner earnings on Thursday .
Fuel demand remained about 5% below pre-COVID levels during the quarter .
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