Refiners Hold Off Buying Oil as Prices Surge After Supply Hit

Refiners are beginning to balk at eye-watering premiums on available oil barrels, threatening to slow down the flow of the world’s most traded commodity as the war in the Middle...

By Yongchang Chin, Sherry Su, Bill Lehane · Bloomberg Markets

Refiners are beginning to balk at eye-watering premiums on available oil barrels, threatening to slow down the flow of the world’s most traded commodity as the war in the Middle East upends energy markets.