Baker & O'Brien Releases Second Quarter 2022 Edition of Refining Industry In Focus - U.S. Refining Margins Surge to All-Time Highs

Baker & O’Brien, Inc.’s 2022 Q2 PRISM™ update shows that refinery margins surged to all-time highs during the second quarter of 2022. Our Special Topic reviews the linkage between natural gas prices, refinery operating expenses, and margins. We discuss how U.S. refiners are benefiting from a substantially enhanced competitive advantage as a result of much higher natural gas prices in Europe and Asia.