Oil majors' quarterly earnings in spotlight as refinery gains loom

Oil majors are reporting quarterly results amid rising crude valuations, with Brent crude hitting more than five-month highs driven by Houthi-Saudi attacks and UAE oil spill concerns. Refineries positioned to benefit from elevated energy prices and margin expansion in the current environment.

Russian ESPO crude sellers are seeking record premiums as Gulf export uncertainty persists, compounding supply concerns globally. #petrole #energie