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US oil refiners brace for a tough year as investor sentiment turns negative

Reuters
Summary
Nutrition label

80% Informative

Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude.

Shares of major refiners have fallen this year , and on average, analysts have lowered expectations for refiners' fourth-quarter earnings before interest, taxes and amortization ( EBITA ) by 24% since the start of the quarter .

Analysts also noted the easing of gasoline crack spreads and persistently low diesel cracks.

VR Score

91

Informative language

96

Neutral language

71

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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